Pro-Crypto Lawyer John Deaton Volunteers To Lead Operation Chokepoint Probe
Highlights
- John Deaton said he is ready to lead Operation Chokepoint 2.0 investigation
- Crypto leaders are poking the incoming Trump administration to probe government agency overreach
- John Deaton outlined reasons why this probe is important
Pro-crypto lawyer John Deaton is taking a frontline role with the quest to probe the Operation Chokepoint 2.0 of the digital currency ecosystem. In a recent post on X, the XRP holders’ lawyer said he is volunteering to lead the Federal investigation into Chokepoint 2.0. Notably, the pro-crypto attorney comes off as one of the first industry personalities to call for a probe into these broad crypto crackdown in the U.S.
The John Deaton Take on Operation Chokepoint 2.0 Probe
On the X platform, he outlined his qualifications as a former prosecutor and Special Assistant to the United States Attorney. He noted this as a basis to take on the task. John Deaton said he would accept the task without salary. He outlined his motivation as the need for Americans to know the truth on government agencies overreach.
As he noted that the impact of Operation Chokepoint 2.0 goes beyond Custodia Bank or other affected crypto firms. He claimed it is a dangerous precedent that can erode trust in America as a free economic market. John Deaton said unelected bureaucrats cannot just pick winners and losers in an industry they do not like.
As a former prosecutor and Special Assistant United States Attorney I am very serious about volunteering to help lead a federal investigation into ChokePoint 2.0. I would accept the task without salary. The American people deserve the truth a hell of a lot more than I or anyone… https://t.co/LFdhpCixnr
— John E Deaton (@JohnEDeaton1) January 4, 2025
With the revelations thus far, FDIC documents obtained by Coinbase shows cordinated attempt to cut off crypto from banking resources. Meanwhile, to solidify his callout, he tagged President-elect Donald Trump and leaders that might institute the probe.
Making Good on Crypto Promises
The plans to probe the Operation Chokepoint 2.0 did not come as part of President Donald Trump’s campaign promises. However, industry proponents believe this lingering overreach need to be addressed before promised reforms will come.
The industry is now watching to see how the incoming administration will handle the demands of crypto leaders. Appointed Crypto Czar David Sacks has promised to look into the Chokepoint agenda with backing from lawmakers like Rep French Hill.
Only time will tell whether or not the incoming administration will consider the volunteer offer from John Deaton.
- BlackRock Loads Up on Bitcoin, Files For Premium ETF to Increase BTC Yield
- Best 10 Crypto Cards for 2025
- Expert Projects HYPE Token Upside as Bitwise Files for Hyperliquid ETF With SEC
- Expert Says Crypto ETFs Could Be ‘Death-Knell’ for Treasury Firms MSTR, MTPLF, BMNR, SBET
- Trump-Linked WLFI Passes 100% Buyback & Burn Proposal, Analyst Eyes Bullish Surge
- Is Ethereum Price Set for a rebound as Whale accumulation Intensifies?
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
- Shiba Inu Price Eyes Recovery From Demand Zone With Burn Rate Soaring Nearly 400%
- Bitcoin Price: Analyst Predicts Crash to $104K Before Explosive Rally on Fed Cut Pattern
- HBAR Price Elliot Wave Signals an 86% Rebound as Key Risks Remain
- Will Pi Coin Price Recover Before Month-End After Payochain Listing?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
