Far left wants to crush PayPal, Zelle and you can take that to the bank

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Many Americans were surprised to recently see a coalition of the country’s most radical politicians — Sen. Elizabeth Warren, D-Mass., Rep Maxine Waters, D-Calif., and Sen. Richard Blumentha l, D-Conn., to name a few — teaming up to introduce heavy-handed legislation against the peer-to-peer payment companies (like PayPal, Venmo, Zelle and CashApp) that have improved all our lives. Blumenthal even went so far as to dispatch a separate letter to the head of the Consumer Financial Protection Bureau (CFPB) demanding an investigation into Zelle.

I wasn’t surprised to see any of these developments. When I served on the U.S. Congress’ Financial Services Committee, including its Subcommittee on Financial Institutions and Consumer Credit, I can’t tell you how many times I witnessed my Democratic colleagues attempt to directly or indirectly knife these upstart payment processors.

Most Americans know that big-government politicians have long had a vendetta against Bitcoin and today’s other cryptocurrencies. They, of course, view them as competition to the hegemony of the U.S. dollar, which the radical left relies upon to fund its reckless spending priorities. These progressive politicians see regulating these private marketplace options and ultimately replacing them with a government-run cryptocurrency as the only sustainable path