Why Kanye West And Free Speech Advocates Need Bitcoin – Bitcoin Magazine


The below is a direct excerpt of Marty’s Bent Issue #1272: “De-banking as an attack on speech.” Sign up for the newsletter here.

On October 12, Candace Owens made the world aware of the fact that Ye West, more commonly known as Kanye West, had his corporate bank account shut down by JPMorgan Chase. This move is seemingly a reaction to comments Ye made over the weekend on social media. I have to concur with what Owens says in the second tweet above. I do not care what you think about Ye, but I do care about what you think of one of the largest banks in the world abruptly rug-pulling his multibillion-dollar company’s bank account.

This all comes on the heels of PayPal attempting to implement a $2,500 fine on any users it deems to be exhibiting wrongthink. PayPal was forced to quickly detract their policy and pretend like it was an accident after they felt the wrath of their customer base calling out the insanity of a fintech company attempting to dictate what is and isn’t acceptable speech. Zooming out from the particular saga with Ye and what he said, I think it’s important to identify the accelerating trend of incumbent companies, with insane amounts of entrenchment and influence across the banking and payments sectors, attempting to pick and choose who can and cannot receive, hold and send money within their hyper-surveilled systems based on political or personal beliefs.

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