Sen. John Fetterman’s advocacy for a federal ban on cashless-only businesses highlights the importance of preserving economic freedom for working-class Americans and small businesses. By ensuring that all forms of legal tender are accepted, Fetterman argues that this policy would protect the unbanked, reduce fees for small businesses, and prevent digital discrimination. The idea is not to resist innovation but to guarantee that everyone, regardless of their financial situation, can participate in everyday commerce.
Cashless policies are increasingly seen as a form of exclusion, particularly for seniors, low-income individuals, and minorities who may not have access to smartphones or credit cards. Fetterman’s position underscores the need for inclusion in the financial system, arguing that the shift toward a cashless economy favors tech elites and puts Main Street businesses at a competitive disadvantage. The senator’s stance emphasizes that the right to use cash is a matter of economic liberty and fairness, rather than an outdated preference.
Critics argue that cashless transactions offer convenience and efficiency, but proponents like Fetterman point out that they also come with significant downsides, including privacy concerns and increased reliance on institutions that track financial behavior. The call for a federal law banning cashless-only businesses is part of a growing movement to ensure that all Americans have equal access to everyday commerce, protecting both individual financial autonomy and small businesses from unfair competition.