John Deaton Offers to Lead Probe into Alleged Operation Chokepoint 2.0
The post John Deaton Offers to Lead Probe into Alleged Operation Chokepoint 2.0 appeared on BitcoinEthereumNews.com.
Deaton’s announcement was made after Coinbase gained access to unredacted FDIC files related to the Chokepoint 2.0 controversy. Meanwhile, Bitwise CEO Hunter Horsley expects more crypto-friendly policies under Trump in 2025. In Congress, Georgia Rep. Mike Collins disclosed new crypto investments, which reignited debates over lawmakers trading cryptocurrencies. Bitcoin is projected to experience some short-term volatility ahead of Trump’s inauguration and the FOMC meeting at the end of January. John Deaton Takes Aim at Chokepoint 2.0 John Deaton, a former United States prosecutor and well known advocate for cryptocurrency, extended an offer to the incoming Trump administration to lead an investigation into the alleged Operation Chokepoint 2.0. It is rumored that this initiative targeted the crypto industry by severing its access to traditional banking services. In his statement on X, Deaton addressed President Donald Trump, Vice President JD Vance, and other key administration figures. He stated that actions like this, if left unchallenged, could set a very dangerous precedent of regulatory bodies undermining industries they oppose. Deaton also pointed out that the issue transcends crypto, and described it as a broader fight against unchecked bureaucratic power and the erosion of institutional integrity. He offered to undertake the investigation without compensation because he believes in the importance of uncovering the truth over financial gain. Deaton also added that Americans deserve transparency more than he or anyone else needs a taxpayer-funded paycheck. His proposal coincided with a court ruling that allowed Coinbase to access unredacted files from the Federal Deposit Insurance Corporation (FDIC) to scrutinize its role in the alleged regime. According to Coinbase’s chief legal officer Paul Grewal, these documents reveal a coordinated effort to suppress a wide range of crypto activities, from basic Bitcoin transactions to more complex offerings. The alleged architect of Operation Chokepoint 2.0, Martin Gruenberg, resigned as…
Filed under: News - @ January 6, 2025 10:24 am