On March 26, according to Bloomberg, Andrew Ferguson, Chairman of the U.S. Federal Trade Commission, sent a letter to payment companies including Visa, Mastercard, PayPal, and Stripe, warning them against refusing services based on users' political views or religious beliefs. Ferguson stated that preventing law-abiding individuals from operating legitimate businesses is not in line with American values. This move comes at a time when the Trump administration is focusing on the issue of "de-banking." The administration had previously sued JPMorgan Chase and its CEO Jamie Dimon, accusing the bank of cutting off services to Trump and his businesses for political reasons. The Trump Organization also sued Capital One Financial Corp., accusing it of political discrimination. Both JPMorgan Chase and Capital One deny the allegations. Stripe responded by stating that it does not restrict services based on political views.
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