Earlier quoted context omitted.
The squeeze on any content that religious people find 'yucky' is double-pronged in the US - encouraged both by governments and businesses. Paypal, Visa, Mastercard et al are given complete discretion over what transactions they can block, and they have already extensively used this to deprive legal NSFW platforms and creators of their income. So, on one end, state governments are trying to strongarm NSFW services by…
"risk management" is not puritanism - sex work has a different/higher risk profile for PSPs (fraud, chargebacks, etc) and it's easier to say "no" than to come up with a new product to serve customers. An enterprising PM at a PSP or fintech could look at the size of the sex industry, measure the risk of providing payment/banking services to sex workers and businesses and offer them at a premium like any other "niche"…
Also: yes, building a government blackmail database is draconian.