#184 - Transaction Denied: Rainey Reitman on Financial Censorship
From Law of Code by Jacob Robinson
April 7, 2026 · 28 min · Episode 184
About this episode
Rainey Reitman discusses the implications of financial censorship and debanking on civil liberties.
What are the risks of allowing financial institutions to cut off access to the economy for lawful but controversial activity? Rainey Reitman is a civil liberties advocate and the author of Transaction Denied , a comprehensive investigation into debanking, financial censorship, and the growing role of financial institutions in regulating speech. She previously worked at the Electronic Frontier Foundation and co-founded the Freedom of the Press Foundation. Timestamps: ➡️ 1:20 — Why cash functions as a civil liberty (privacy + censorship resistance) ➡️ 3:21 — What inspired Transaction Denied and early experiences with debanking ➡️ 5:20 — The Chelsea Manning Support Network PayPal freeze ➡️ 8:27 — Operation Chokepoint and the rise of financial censorship ➡️ 11:25 — “Banking while Muslim” and over-compliance with sanctions ➡️ 15:08 — The Patriot Act and incentives for financial surveillance ➡️ 17:12 — Financial intermediaries and the power to block transactions ➡️ 17:48 — Bitcoin, custodians, and whether crypto solves debanking ➡️ 19:33 — Why financial censorship affects everyone—not just targeted groups ➡️ 21:58 — NRA v. Vullo and the limits of government pressure on banks Sponsor…
People in this episode
Host: Jacob Robinson
Guest: Rainey Reitman
Topics covered
- financial censorship
- civil liberties
- debanking
- regulation of speech
- financial institutions
- privacy
- censorship resistance
Keywords
- financial censorship
- debanking
- civil liberties
- Transaction Denied
- Rainey Reitman
- Electronic Frontier Foundation
- Freedom of the Press Foundation
- privacy
- censorship resistance
Sponsors
Day One Law
Mentioned in this episode
Organizations: Electronic Frontier Foundation, Freedom of the Press Foundation
Books & works: Transaction Denied
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