Former strategist for the Trump Administration Steve Bannon launched a “blockchain-focused” financial system for conservatives amid bans by payment processors.
QUICK FACTS:
- Bannon officially launched the first phase of the “Freedom Jobs Business” (FJB), a project intending to establish a “trustless, transparent, and decentralized system for Patriots and people from a varied ideological spectrum across the world.
- “We believe that the decentralization of our economic and legacy financial systems is critical to the future of our nation,” FJB’s website states.
- The project, which will be used to facilitate transactions across peer-to-peer and business-to-business networks, was first announced in December 2021 after the Canadian government targeted Freedom Convoy participants’ bank accounts.
- “The FJB blockchain project will provide a sovereign-grade, immutable ledger with open, non-discriminatory participation that is permissionless and censorship-resistant,” the organization claims. “This is a real conservative alternative to Coinbase. This marks the moment we build a new financial system, and the moment we take the muzzle off everyday Americans.”
FREEDOM JOBS BUSINESS ORGANIZATION MISSION TO HELP CONSERVATIVES:
“We’ve seen far too many good, honest Americans silenced for fear of losing their access to the traditional financial system. Big Tech cannot be allowed to keep a stranglehold on America.”
BACKGROUND:
- Last month, Bannon was found guilty of contempt of Congress after he ignored a subpoena from the House Jan. 6 committee.
- The former White House official claimed executive privilege precluded him from appearing before the committee to talk about the Jan. 6, 2020, attack on the U.S. Capitol, though prosecutors noted that he left the White House in 2017.
- “We’re building a community that you can be a part of. We will never back down, ever,” Bannon said amid the FJB launch. “They’re trying to destroy this country… We are going to fight it every day. We are going to stand up.”
