Conspiracy theories are quickly becoming conspiracy facts.

Conspiracy theories are like stereotypes. They may be garbage, but they’re often based on at least one small element of truth.

Ah "cashless"

Cashless society idea goes back to at least the 90's. A legal push failed then, but since, many people have been retrained to use plastic for everything even if it's less than a dollar.

Problems
If some guns are banned and you buy a .223 cleaning brush, you're going to get a visit for an 'audit'

The Canada Revenue Service subpoenaed all the spending records of Visa Canada and Mastercard Canada cardholders a decade or two ago, if they had US Spend. They were looking for Canadians that crossed the border to shop to avoid the VAT. Found a few too. [Story predates news sites on the Internet.] Still a couple of years ago, Canada was #1 Cashless with 57% of transactions.

If you become a "Credit Zombie" because of a computer error, and are plastic based, you're screwed. Likewise if you use a debit card and are the victim of an electronic thief.

There was also some idea they could go after illegal businesses, but then "Pizza Places' begin to charge $$$ to $$$$ for a 'special combination'. No idea what was on the Pizza, but I think it came with a happy ending.

P-Card. American Express (for a government contract years ago) will list each individual item you purchase, if the merchant supports this. Staples does this with AMEX card purchases. It's called "P-Card" data and comes in 2 levels for AMEX I and II, and 3 levels for other cards, 1,2,3. AMEX II = Level 3. It reduces costs in the running the Federal government, and some businesses like it too, but it also means everyone in the chain knows what you purchased. So pay cash for that AR and make sure you have boat insurance. P-Card started in Business and Government and there was no expectation of privacy so none is built in.

Conservative organizations have been de-listed from their payment processors for their opinions.

Liz Warren has it out for Credit Card Companies. She did some reform as a member of the Obama administration, and to be fair, one or two things were good, but she wants a second crack at them.