A lot of the comments so far have been negative, so I’ll add a positive one: I think this was the right move, and I’m content (as an actual paying member) with it. Kudos particularly for the well-laid-out position statement. Drew and I have extensive differences in opinion when it comes to software, but his sincerity and willingness to put his money where his mouth is are apparent in cases like this.
You can cheer for your ideology, but what if your business was the one being purged because the owners profess to be the moral guardians of humanity?
I'm sympathetic to your objection but I note with interest that their announcement included this paragraph:
"We will exercise discretion when applying this rule. If you believe that your use-case for cryptocurrency or blockchain is not plagued by these social problems, you may ask for permission to host it on SourceHut, or appeal its removal ..."
... which is a catch-all that covers edge cases that I might be worried about.
It's not scalable, but sr.ht isn't that big so it works for me.