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Pro-crypto lawyer John Deaton offers to probe Operation Chokepoint 2.0


Published on 2025-01-04 21:40:39 - MSN
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  • Former United States prosecutor and crypto advocate John Deaton has offered the incoming Trump administration to lead a probe into Operation Chokepoint 2.0
  • an unconfirmed initiative that allegedly attempted to cut crypto companies from the traditional banking system.

John Deaton, a prominent pro-crypto lawyer known for his involvement in the Ripple lawsuit against the SEC, has offered to investigate allegations of "Operation Choke Point 2.0." This operation is purportedly a government initiative aimed at restricting the banking access of cryptocurrency companies, similar to the original Operation Choke Point which targeted payday lenders and other industries. Deaton's offer comes in response to concerns raised by Republican lawmakers and crypto advocates about potential government overreach into the financial dealings of cryptocurrency firms. He has expressed his willingness to provide pro bono legal services to help uncover any evidence of such an operation, emphasizing the need for transparency and accountability in how regulatory bodies interact with the burgeoning crypto industry.

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