Pro-XRP lawyer John Deaton offers to expose Operation Chokepoint 2.0, calling it a fight for crypto, capitalism, and institutional integrity.
Pro-XRP attorney and crypto activist John Deaton is taking on Operation Chokepoint 2.0—and he’s willing to work for free. The former U.S. prosecutor is volunteering his services to the new Trump administration to investigate what he characterizes as a backdoor, unelected push to cut crypto firms off from conventional banking. Deaton’s offer follows the revelation by Coinbase that it had obtained FDIC records related to the purported crackdown.
In a fiery post on X (formerly Twitter), Deaton didn’t hold back. “This isn’t just about crypto. It’s about stopping unelected bureaucrats from deciding which businesses get to survive,” he wrote, tagging big names like Donald Trump, Elon Musk, and crypto czar David Sacks.
Deaton warned that Operation Chokepoint 2.0 is bigger than just crypto—it’s about protecting America’s free-market ideals. He argued that letting government agencies arbitrarily cut off financial access would set a dangerous precedent, hurting not just crypto but the entire concept of fair competition.
Deaton also spotlighted Custodia Bank’s legal battle with the Federal Reserve, calling it a defining moment for the industry and the economy. For him, this is about safeguarding economic freedom and keeping unchecked power in check. “The stakes couldn’t be higher,” Deaton said. “This is about the future of America’s financial system.”
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