RUSH TRANSCRIPT Alright ladies ░░░░░░░░ our next speaker I ░░░░░░░░ had a quick lesson ░░░░░░░░ how to pronounce his ░░░░░░░░ is Jim Judi terrier ░░░░░░░░ this is his third ░░░░░░░░ speaking at the gun ░░░░░░░░ policy conference let s ░░░░░░░░ up gym Alright right ░░░░░░░░ Charlie It is always ░░░░░░░░ an honor to be ░░░░░░░░ at the gun rights ░░░░░░░░ conference but I would ░░░░░░░░ particularly so this year ░░░░░░░░ m I m coming ░░░░░░░░ here from Virginia born ░░░░░░░░ raised in the foothills ░░░░░░░░ the blue ridge mountains ░░░░░░░░ s where I m ░░░░░░░░ my family today and ░░░░░░░░ can tell you for ░░░░░░░░ that doesn t know ░░░░░░░░ It has been a ░░░░░░░░ year for gun rights ░░░░░░░░ Virginia waste of point ░░░░░░░░ the Massachusetts in the ░░░░░░░░ s in the Colorado ░░░░░░░░ and 11 elections have ░░░░░░░░ and now that s ░░░░░░░░ so it makes it ░░░░░░░░ important to be in ░░░░░░░░ room like this hear ░░░░░░░░ folks Like you know ░░░░░░░░ all the good work ░░░░░░░░ that s happening You ░░░░░░░░ it s a year ░░░░░░░░ at this conference I ░░░░░░░░ having a cocktail is ░░░░░░░░ Cox and he said ░░░░░░░░ me look I don ░░░░░░░░ like it but I ░░░░░░░░ telling you I think ░░░░░░░░ is gonna win and ░░░░░░░░ think on July first ░░░░░░░░ year All of these ░░░░░░░░ laws are going to ░░░░░░░░ a fact and they ░░░░░░░░ have our friends at ░░░░░░░░ Second Amendment foundation showed ░░░░░░░░ with us in Virginia ░░░░░░░░ shoot some content bill ░░░░░░░░ legend I will talk ░░░░░░░░ little bit more about ░░░░░░░░ in a minute But ░░░░░░░░ s get into it ░░░░░░░░ two years ago I ░░░░░░░░ here and told you ░░░░░░░░ how the banking industry ░░░░░░░░ the government are working ░░░░░░░░ to strangle this industry ░░░░░░░░ year I started telling ░░░░░░░░ about our story why ░░░░░░░░ exist how we were ░░░░░░░░ and how we beat ░░░░░░░░ four year politically motivated ░░░░░░░░ investigation And from the ░░░░░░░░ of phoebe And I ░░░░░░░░ to build on that ░░░░░░░░ because the fight has ░░░░░░░░ stopped the constitutional front ░░░░░░░░ one fought in court ░░░░░░░░ over the text and ░░░░░░░░ of the Second Amendment ░░░░░░░░ been incredibly well fought ░░░░░░░░ very well defended Organizations ░░░░░░░░ south and many others ░░░░░░░░ this room have spent ░░░░░░░░ fighting and winning but ░░░░░░░░ anti gun movement get ░░░░░░░░ down on the courtroom ░░░░░░░░ don t go home ░░░░░░░░ go round And the ░░░░░░░░ they ve gone is ░░░░░░░░ regulatory state thanking payments ░░░░░░░░ services territory that lies ░░░░░░░░ entirely outside what cases ░░░░░░░░ bruin and other Second ░░░░░░░░ cases actually protect and ░░░░░░░░ s what I want ░░░░░░░░ talk about for those ░░░░░░░░ you the were here ░░░░░░░░ years ago You know ░░░░░░░░ history and I don ░░░░░░░░ want to retell it ░░░░░░░░ but it s important ░░░░░░░░ we go over Some ░░░░░░░░ it so 19 nineties ░░░░░░░░ when I called the ░░░░░░░░ assault right this is ░░░░░░░░ yeah direct attacks on ░░░░░░░░ You had state sponsored ░░░░░░░░ against manufacturers and dealers ░░░░░░░░ thousands of fels out ░░░░░░░░ business and cost the ░░░░░░░░ millions of dollars early ░░░░░░░░ thousands We saw little ░░░░░░░░ a relief the plc ░░░░░░░░ monumental legislative victory and ░░░░░░░░ did help shut down ░░░░░░░░ of these frivolous and ░░░░░░░░ lawsuit No doubt about ░░░░░░░░ quickly followed by the ░░░░░░░░ Biden era the choke ░░░░░░░░ gara This is one ░░░░░░░░ the Department of Justice ░░░░░░░░ directly on the FBI ░░░░░░░░ the o c c ░░░░░░░░ pressure banks and cutting ░░░░░░░░ lawful but this favored ░░░░░░░░ no due process No ░░░░░░░░ complaints reputational risk as ░░░░░░░░ cover story Shutting people ░░░░░░░░ access to the financial ░░░░░░░░ off overnight RCMP the ░░░░░░░░ was an extension of ░░░░░░░░ for four years we ░░░░░░░░ hundreds of thousands of ░░░░░░░░ fighting the see of ░░░░░░░░ and we heard directly ░░░░░░░░ the invested investigating attorneys ░░░░░░░░ that she didn t ░░░░░░░░ that you should be ░░░░░░░░ to finance firearms We ░░░░░░░░ them to admit in ░░░░░░░░ That this was a ░░░░░░░░ weapon Possession of a ░░░░░░░░ bureau along with the ░░░░░░░░ attorney general and didn ░░░░░░░░ have anything to do ░░░░░░░░ actual consumer protection We ░░░░░░░░ the push for new ░░░░░░░░ category codes for the ░░░░░░░░ industry presented as neutral ░░░░░░░░ data but absolutely something ░░░░░░░░ could be turned into ░░░░░░░░ and selective enforcement If ░░░░░░░░ that histories new to ░░░░░░░░ I love to talk ░░░░░░░░ it to be happy ░░░░░░░░ connect afterwards and give ░░░░░░░░ all the information you ░░░░░░░░ to hear So what ░░░░░░░░ when the courts won ░░░░░░░░ allow them to attack ░░░░░░░░ right directly Here s ░░░░░░░░ thesis I m gonna ░░░░░░░░ you with today The ░░░░░░░░ this industry comes under ░░░░░░░░ assault to the financial ░░░░░░░░ is precisely because the ░░░░░░░░ fight has been going ░░░░░░░░ well I want to ░░░░░░░░ that again the reason ░░░░░░░░ come under regulatory assault ░░░░░░░░ precisely because organizations like ░░░░░░░░ Second Amendment foundation have ░░░░░░░░ effective and the constitutional ░░░░░░░░ think about cases like ░░░░░░░░ and south great work ░░░░░░░░ government has to meet ░░░░░░░░ very high standard to ░░░░░░░░ text history and tradition ░░░░░░░░ it can hold any ░░░░░░░░ infringement or burden on ░░░░░░░░ right to keep and ░░░░░░░░ arms That is a ░░░░░░░░ serious constraints on legislatures ░░░░░░░░ courts and that didn ░░░░░░░░ happen by accident had ░░░░░░░░ because organizations like sap ░░░░░░░░ many of you in ░░░░░░░░ room spent decades in ░░░░░░░░ fight building the legal ░░░░░░░░ funding litigation fighting the ░░░░░░░░ Aces one or two ░░░░░░░░ for years and years ░░░░░░░░ years often times and ░░░░░░░░ else would that made ░░░░░░░░ modern constitutional reality that ░░░░░░░░ re living in possible ░░░░░░░░ that worked doesn t ░░░░░░░░ when favorable opinions come ░░░░░░░░ It s the same ░░░░░░░░ it s still going ░░░░░░░░ today and everybody in ░░░░░░░░ room knows that it ░░░░░░░░ going to have to ░░░░░░░░ going on so long ░░░░░░░░ we have rights to ░░░░░░░░ every time We have ░░░░░░░░ constitutional victory it s ░░░░░░░░ just a victory it ░░░░░░░░ a door that gets ░░░░░░░░ we re not just ░░░░░░░░ a case so the ░░░░░░░░ gun movement goes looking ░░░░░░░░ a door that the ░░░░░░░░ fight never touches and ░░░░░░░░ ve certainly found one ░░░░░░░░ cases reach the direct ░░░░░░░░ or I keep and ░░░░░░░░ arms such as bands ░░░░░░░░ restrictions licensing schemes but ░░░░░░░░ don t touch financial ░░░░░░░░ that pressure banks to ░░░░░░░░ a firearm dealers account ░░░░░░░░ awoke technology companies decision ░░░░░░░░ not serve the gun ░░░░░░░░ It doesn t reach ░░░░░░░░ payment processors opaque determinations ░░░░░░░░ reputational risk or what ░░░░░░░░ considered acceptable use under ░░░░░░░░ terms of service It ░░░░░░░░ t reach and ensure ░░░░░░░░ quietly declines to write ░░░░░░░░ policy for an NFL ░░░░░░░░ of that reads on ░░░░░░░░ s face as regulating ░░░░░░░░ right to keep Keep ░░░░░░░░ bear arms but the ░░░░░░░░ effect The functional effect ░░░░░░░░ the same as a ░░░░░░░░ If you can t ░░░░░░░░ paid to sell a ░░░░░░░░ and you can t ░░░░░░░░ to by one you ░░░░░░░░ t exercise your constitutional ░░░░░░░░ keep and bear arms ░░░░░░░░ s the shift when ░░░░░░░░ closed the front door ░░░░░░░░ the direct restriction the ░░░░░░░░ moves to the flank ░░░░░░░░ financial infrastructure The industry ░░░░░░░░ on the function as ░░░░░░░░ business manufactures dealers financial ░░░░░░░░ companies like cordova that ░░░░░░░░ to support them That ░░░░░░░░ who this is aimed ░░░░░░░░ choke point one point ░░░░░░░░ saw weaponized regulators mcallen ░░░░░░░░ two point oh but ░░░░░░░░ to me I don ░░░░░░░░ think choke point ever ░░░░░░░░ We saw continue These ░░░░░░░░ t separate fights This ░░░░░░░░ one fight run through ░░░░░░░░ levers over decades against ░░░░░░░░ industry specifically because the ░░░░░░░░ legal path hasn t ░░░░░░░░ now I ll say ░░░░░░░░ because it s worth ░░░░░░░░ but we re not ░░░░░░░░ this fight here today ░░░░░░░░ this same tactic so ░░░░░░░░ neutral sounding infrastructure instead ░░░░░░░░ a direct right itself ░░░░░░░░ up elsewhere to use ░░░░░░░░ energy environmental you see ░░░░░░░░ land use particularly with ░░░░░░░░ institutions it s a ░░░░░░░░ tool which is why ░░░░░░░░ enemy goes to it ░░░░░░░░ they can t attack ░░░░░░░░ right directly So here ░░░░░░░░ why this matters more ░░░░░░░░ a single enforcement action ░░░░░░░░ the legal system only ░░░░░░░░ s direct burdens on ░░░░░░░░ right to keep and ░░░░░░░░ arms the indirect infrastructure ░░░░░░░░ burden becomes the permanent ░░░░░░░░ The rights arrives on ░░░░░░░░ In every court opinion ░░░░░░░░ ve ever won but ░░░░░░░░ starts to die in ░░░░░░░░ at the point of ░░░░░░░░ If no bank will ░░░░░░░░ payments for a fels ░░░░░░░░ businesses can no longer ░░░░░░░░ If F F l ░░░░░░░░ can t run their ░░░░░░░░ because of exorbitant costs ░░░░░░░░ to capital they can ░░░░░░░░ pay their employees They ░░░░░░░░ t ensure their businesses ░░░░░░░░ can t can t ░░░░░░░░ you to operate in ░░░░░░░░ industry that we love ░░░░░░░░ this isn t hypothetical ░░░░░░░░ is the last several ░░░░░░░░ of this industries relationship ░░░░░░░░ the financial services it ░░░░░░░░ okay I want to ░░░░░░░░ this out theory because ░░░░░░░░ isn t history This ░░░░░░░░ something that s actually ░░░░░░░░ happening this year So ░░░░░░░░ may one of our ░░░░░░░░ partners land trust a ░░░░░░░░ to connect hunters anglers ░░░░░░░░ private land access across ░░░░░░░░ than forty states had ░░░░░░░░ of it s businesses ░░░░░░░░ off entirely by it ░░░░░░░░ legacy payment processor warning ░░░░░░░░ due process Just an ░░░░░░░░ the was shut off ░░░░░░░░ the start of spring ░░░░░░░░ season because the business ░░░░░░░░ in the wrong industry ░░░░░░░░ adjacent to the wrong ░░░░░░░░ and that was enough ░░░░░░░░ we on boarded them ░░░░░░░░ had them back up ░░░░░░░░ running at full operations ░░░░░░░░ forty eight hours and ░░░░░░░░ isn t a victory ░░░░░░░░ forty eight hours as ░░░░░░░░ and a very proud ░░░░░░░░ what we ve built ░░░░░░░░ be able to do ░░░░░░░░ But the real story ░░░░░░░░ that in 20 20 ░░░░░░░░ that that s necessary ░░░░░░░░ all A few months ░░░░░░░░ that Another business for ░░░░░░░░ to serve guide fitter ░░░░░░░░ marketplace of serves more ░░░░░░░░ two hundred and fifty ░░░░░░░░ verified outdoor industry professionals ░░░░░░░░ guides outfitters veterans First ░░░░░░░░ Had it s payment ░░░░░░░░ simply stop processing payments ░░░░░░░░ violation no compliance issue ░░░░░░░░ provider deciding it did ░░░░░░░░ did not want the ░░░░░░░░ to touching the space ░░░░░░░░ We reap we rebuilt ░░░░░░░░ payment rails and kept ░░░░░░░░ business moving and then ░░░░░░░░ this past summer a ░░░░░░░░ large commerce merchant partner ░░░░░░░░ There were again cut ░░░░░░░░ from payment processing entirely ░░░░░░░░ from some marginal marginal ░░░░░░░░ but front of the ░░░░░░░░ banks in the country ░░░░░░░░ story different name illegally ░░░░░░░░ business in this industry ░░░░░░░░ told it s money ░░░░░░░░ no longer welcome for ░░░░░░░░ that had nothing to ░░░░░░░░ with how it ran ░░░░░░░░ s business us and ░░░░░░░░ to do with what ░░░░░░░░ salt removed that relationship ░░░░░░░░ her own platform before ░░░░░░░░ cut off took place ░░░░░░░░ yeah I remember this ░░░░░░░░ even so This happened ░░░░░░░░ so even with the ░░░░░░░░ banking executive orders from ░░░░░░░░ Trump Administration this institutional ░░░░░░░░ runs deep and do ░░░░░░░░ can 10 years and ░░░░░░░░ know many folks in ░░░░░░░░ room have experienced banking ░░░░░░░░ So where s go ░░░░░░░░ here Last year I ░░░░░░░░ about being anti forever ░░░░░░░░ love that phrase being ░░░░░░░░ fragile as more than ░░░░░░░░ being resilient What it ░░░░░░░░ is not only do ░░░░░░░░ stress but you actually ░░░░░░░░ stronger from it and ░░░░░░░░ hasn t changed and ░░░░░░░░ s not going to ░░░░░░░░ will continue to be ░░░░░░░░ fragile and we will ░░░░░░░░ to build financial infrastructure ░░░░░░░░ is designed to take ░░░░░░░░ hit and combat Stronger ░░░░░░░░ as long as this ░░░░░░░░ book exists Somebody in ░░░░░░░░ industry needs to be ░░░░░░░░ to absorb it But ░░░░░░░░ re not stopping your ░░░░░░░░ At the same time ░░░░░░░░ are fighting for a ░░░░░░░░ where this industry doesn ░░░░░░░░ have to simply the ░░░░░░░░ fragile you don t ░░░░░░░░ a company that s ░░░░░░░░ to rebuild your payment ░░░░░░░░ and forty eight hours ░░░░░░░░ it can t be ░░░░░░░░ off in the first ░░░░░░░░ Both of those are ░░░░░░░░ at once and both ░░░░░░░░ the mission build the ░░░░░░░░ that survey And fight ░░░░░░░░ a world where the ░░░░░░░░ stop being possible That ░░░░░░░░ the future we re ░░░░░░░░ toward a secure private ░░░░░░░░ decentralized system that is ░░░░░░░░ from regulatory choke point ░░░░░░░░ But infrastructure alone doesn ░░░░░░░░ win this fight I ░░░░░░░░ we heard it said ░░░░░░░░ the stage this morning ░░░░░░░░ is the best disinfectant ░░░░░░░░ what are we doing ░░░░░░░░ believe awareness is one ░░░░░░░░ the biggest barrier standing ░░░░░░░░ the way of real ░░░░░░░░ The financial system as ░░░░░░░░ financial technology is even ░░░░░░░░ complex and I know ░░░░░░░░ be very daunting but ░░░░░░░░ s very important that ░░░░░░░░ understand this because I ░░░░░░░░ essentially the ability to ░░░░░░░░ money is the life ░░░░░░░░ of any business and ░░░░░░░░ any Eddie has run ░░░░░░░░ business and I know ░░░░░░░░ s numerous business owners ░░░░░░░░ this room If you ░░░░░░░░ lost your ability to ░░░░░░░░ payments overnight Can t ░░░░░░░░ very long But they ░░░░░░░░ so a lot of ░░░░░░░░ in this industry that ░░░░░░░░ t know how far ░░░░░░░░ regulatory state and other ░░░░░░░░ companies have already gone ░░░░░░░░ cut off access to ░░░░░░░░ services or how far ░░░░░░░░ re willing to go ░░░░░░░░ ve been in this ░░░░░░░░ years So that s ░░░░░░░░ we produced a many ░░░░░░░░ series We do some ░░░░░░░░ filming out Montana We ░░░░░░░░ some filming in Virginia ░░░░░░░░ where near and dear ░░░░░░░░ my heart bill sack ░░░░░░░░ I can t see ░░░░░░░░ out there to break ░░░░░░░░ he came absolutely crushed ░░░░░░░░ We did a lot ░░░░░░░░ wanted to tell our ░░░░░░░░ but we took it ░░░░░░░░ Virginia because we wanted ░░░░░░░░ talk about the Founders ░░░░░░░░ And underlying philosophy of ░░░░░░░░ so we stood right ░░░░░░░░ saint John s church ░░░░░░░░ Richmond The very place ░░░░░░░░ Patrick henry gave the ░░░░░░░░ me liberty and give ░░░░░░░░ death speech and looking ░░░░░░░░ that really came to ░░░░░░░░ your Patrick henry s ░░░░░░░░ the get a a ░░░░░░░░ of a forgotten founder ░░░░░░░░ you well because he ░░░░░░░░ a lot you don ░░░░░░░░ write a lot Of ░░░░░░░░ we have a lot ░░░░░░░░ founders of wrote Patrick ░░░░░░░░ really was the voice ░░░░░░░░ liberty and one thing ░░░░░░░░ he also did Sure ░░░░░░░░ s some history buffs ░░░░░░░░ this room that are ░░░░░░░░ aware of it but ░░░░░░░░ lot of folks don ░░░░░░░░ appreciate this about him ░░░░░░░░ sino think enough Patrick ░░░░░░░░ went to the constitutional ░░░░░░░░ and he argued passionately ░░░░░░░░ the ratification of the ░░░░░░░░ and he argued against ░░░░░░░░ ratification of the Constitution ░░░░░░░░ he thought it was ░░░░░░░░ to prevent the centralisation ░░░░░░░░ power that would come ░░░░░░░░ this new federal government ░░░░░░░░ the Constitution was ultimately ░░░░░░░░ so what of Patrick ░░░░░░░░ do he went back ░░░░░░░░ Virginia still one of ░░░░░░░░ at one of most ░░░░░░░░ colonies one of the ░░░░░░░░ powerful early states and ░░░░░░░░ spent the next three ░░░░░░░░ essentially strong arming James ░░░░░░░░ to ensure that a ░░░░░░░░ of rights that restrains ░░░░░░░░ government and ensures that ░░░░░░░░ cannot infringe on certain ░░░░░░░░ human rights of the ░░░░░░░░ citizens was pass just ░░░░░░░░ three short years later ░░░░░░░░ two years ago I ░░░░░░░░ you the government s ░░░░░░░░ after your access to ░░░░░░░░ services because the courts ░░░░░░░░ t let it go ░░░░░░░░ your rights correctly That ░░░░░░░░ still true and this ░░░░░░░░ I bring you more ░░░░░░░░ that it s still ░░░░░░░░ the infrastructure rebuilding building ░░░░░░░░ make sure stop that ░░░░░░░░ sure that stops working ░░░░░░░░ important cordova We will ░░░░░░░░ stand for liberty We ░░░░░░░░ always defend the Second ░░░░░░░░ and the individual right ░░░░░░░░ bear arms and we ░░░░░░░░ keep building toward a ░░░░░░░░ where the industry never ░░░░░░░░ to wonder whether it ░░░░░░░░ money and it s ░░░░░░░░ to transact with consumers ░░░░░░░░ safe. Thank you.