Well-known advocate for cryptocurrency, John Deaton, is calling for an investigation into the revival of Operation Chokepoint. Deaton, a prominent lawyer in the crypto space, believes that the controversial initiative is being resurrected under a new guise. Operation Chokepoint was originally launched by the U.S. Department of Justice in 2013 and aimed to target businesses deemed as “high-risk” by cutting off their access to banking services.

Deaton contends that a similar effort is underway, which could have grave implications for the cryptocurrency industry. He highlights the potential for financial institutions to discriminate against crypto-related businesses, stifling innovation and progress in the sector. This renewed scrutiny has raised concerns among advocates and experts in the crypto community.

As a passionate advocate for the rights of crypto users and businesses, Deaton is committed to fighting against any discriminatory practices that threaten the industry. He is urging regulatory authorities to investigate the matter thoroughly and ensure that the rights of crypto businesses are protected.

The concerns raised by Deaton have sparked a debate within the crypto community, with many expressing support for his efforts to shed light on the issue. The outcome of this investigation could have far-reaching consequences for the future of cryptocurrency regulation and the ability of businesses to operate freely in the industry.

The post John Deaton, a lawyer supportive of cryptocurrencies, volunteers to investigate Operation Chokepoint 2.0 appeared first on Crypto Breaking News.

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Filed under: News - @ January 5, 2025 1:16 am