Florida is widely viewed as the gold standard among states for its limited government, open and free markets, and business-friendly environment.

However, a proposed expansion of Florida’s “debanking” rules demonstrates how even well-intentioned regulations in otherwise free-market states can have the unintended consequence of disrupting commerce and limiting consumer choice. It would be better to allow Florida’s banks the freedom to focus on serving the needs of their customers and shareholders, rather than the short-term and reactive priorities of regulators and politicians.

Government-driven debanking occurs when a bank faces pressure to close the accounts of, or to avoid providing banking services to, particular clients or industries.

This type of debanking is not the result of f

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