Ripple CTO David Schwartz criticized the government's use of indirect regulation, specifically through Operation Chokepoint 2.0, which debanks crypto firms. He argued that cutting off financial services leads entities to evade regulatory oversight, undermining the rule of law. Schwartz emphasized that pressure on banks to sever ties with certain businesses bypasses due process, infringing on rights such as freedom of speech and protection against unlawful search and seizure. His remarks came following a Joe Rogan interview where venture capitalist Mark Andreesen noted that over 30 tech firms had been targeted. Notable figures in the tech and crypto fields have joined the conversation, expressing concerns over government actions against their operations, including Coinbase's Brian Armstrong, who has sought records on Operation Chokepoint 2.0 via the Freedom of Information Act.

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