As Republicans lead state efforts to prevent minors from accessing pornography, the porn industry is fighting a renewed legal battle against the federal government after the Biden administration halted a rule ensuring “fair access to banking services.
The battle is starting what critics call “Operation Choke Point 2.0,” using its authority over the banking sector.
More than half a dozen Republican-majority states are changing — some say strangling — the multi-billion-dollar porn industry by passing legislation supported by Democrats that forces people to submit a government-issued ID to prove they are 18 or older before accessing adult video content online.
Meanwhile, the pornography industry is also under regulatory fire from the Biden administration, which is putting its banking and cryptocurrency access at risk. One of the first acts that the Office of the Comptroller of the Currency did under President Joe Biden was put a hold on a Trump-era rule that would have ensured fair access to banking services from going into effect. The rule would have prohibited major financial institutions from arbitrarily discriminating against businesses.
This rule was designed to prevent the resumption of Operation Choke Point, which began under the Obama administration. The program investigated the business that banks did with companies operating legal, but politically unpopular industries disfavored by the administration, such as firearms dealers, payday lenders, pawn shops and people involved in the adult film industry.
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