Pro-Crypto Lawyer John Deaton Volunteers To Lead Operation Chokepoint Probe

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As a seasoned crypto investor and legal professional with a background in prosecution and service as a Special Assistant to the United States Attorney, I wholeheartedly support John Deaton’s initiative to investigate Operation Chokepoint 2.0. His dedication to uncovering truths about government overreach is commendable, and his offer to lead this investigation without remuneration underscores his commitment to the cause.

The potential impact of Operation Chokepoint 2.0 transcends individual crypto firms, posing a significant threat to America’s reputation as a beacon of economic freedom. Allowing unelected bureaucrats to arbitrarily select winners and losers in industries they disfavor is a dangerous precedent that must be addressed urgently.

I find it intriguing that this call for investigation didn’t originate from President Donald Trump’s campaign promises, but rather as a lingering concern that needs resolution before promised reforms can materialize. The crypto community eagerly awaits the actions of the incoming administration in response to these demands and the volunteer offer extended by John Deaton.

In a lighter vein, I can’t help but wonder if this investigation will uncover more than just financial shenanigans—perhaps even hidden treasure! After all, as they say, “Follow the money, and you’ll find the gold!” Here’s hoping that Operation Chokepoint 2.0 leads us to a digital pot of gold rather than another dead end.

John Deaton, an advocate for cryptocurrency, is spearheading efforts to examine the second version of Operation Chokepoint within the digital currency sector. On platform X, the lawyer representing XRP holders announced his willingness to head the Federal investigation into Chokepoint 2.0. It’s worth noting that Deaton is one of the initial figures in the industry who has publicly urged an investigation into these widespread crypto restrictions in the United States.

The John Deaton Take on Operation Chokepoint 2.0 Probe

On the X platform, John Deaton emphasized his past experience as a prosecutor and Special Assistant to the U.S. Attorney. This background, he believed, qualified him to tackle the assignment at hand. Deaton declared his readiness to undertake the task without remuneration. His primary incentive, he explained, was to unveil the truth about potential overreach by government agencies, a matter of crucial importance for American citizens.

John Deaton pointed out that the effects of Operation Chokepoint 2.0 extend beyond Custodia Bank and other cryptocurrency companies. He argued that this action sets a harmful precedent, potentially undermining America’s reputation as a trustworthy free market economy. Essentially, he contends that unelected officials should not be allowed to favor certain industries over others based on personal preference.

Having served as a prosecutor and Special Assistant U.S. Attorney, my commitment to leading a federal probe into ChokePoint 2.0 is unwavering. I am prepared to take on this role without compensation. The American public deserves the truth above all else, far more than myself or anyone else…

— John E Deaton (@JohnEDeaton1) January 4, 2025

Based on the disclosed information, documents from the FDIC acquired by Coinbase suggest a coordinated effort to restrict cryptocurrencies from accessing banking resources. To reinforce this allegation, he tagged President-elect Donald Trump and potential investigators who could initiate an inquiry into the matter.

Making Good on Crypto Promises

Investigating Operation Chokepoint 2.0 wasn’t something that was included in President Donald Trump’s initial campaign pledges. Nevertheless, those within the industry feel it is crucial to tackle this ongoing excessive intervention first, so the promised changes can eventually be implemented.

As a seasoned observer of the ever-evolving crypto landscape, I am eagerly watching to see how the incoming administration will navigate the demands of crypto leaders. With my years of experience working with digital currencies and blockchain technology, I have seen firsthand the transformative potential that this sector holds for our economy and society as a whole.

Appointed Crypto Czar David Sacks’ promise to investigate the Chokepoint agenda is particularly intriguing, given the crucial role that lawmakers like Rep. French Hill play in shaping policy. As someone who has worked closely with both legislators and crypto executives, I am optimistic about the prospect of a collaborative approach that acknowledges the unique challenges and opportunities presented by this nascent industry.

However, I also understand that treading carefully is necessary to avoid potential pitfalls and ensure that any regulatory decisions are informed by a deep understanding of the technology and its implications. Ultimately, I believe that the success or failure of crypto policies will depend on whether policymakers can strike the right balance between fostering innovation and protecting consumers.

In conclusion, I am excited to see how the incoming administration approaches the challenges posed by the crypto industry and look forward to seeing the impact of David Sacks’ leadership in this critical role. As someone who has witnessed the rapid growth of digital currencies and blockchain technology firsthand, I am hopeful that we can find a way to unlock their full potential while mitigating risks and ensuring consumer protection.

As a researcher, I eagerly await to see whether the incoming administration decides to accept John Deaton’s generous volunteer offer. Time alone can reveal their decision and potential impact on our shared endeavors.

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2025-01-04 23:30