Part 9/17:
Banks are increasingly paranoid, filing suspicious activity reports (SARs) en masse—often as a defensive measure—enabling governmental agencies to surveil and eventually shut down accounts with little to no transparent investigation. Simon connects this to the broader systemic problem: a financial system entangled with money laundering, government oversight, and the suppression of innovation.
He asserts that these regulatory pressures will remain unless the system is fundamentally challenged or restructured, which blockchain and crypto technologies are poised to do.