John Deaton, a former U.S. prosecutor and crypto advocate, proposed to the incoming Trump administration to investigate Operation Chokepoint 2.0. This unconfirmed initiative allegedly aimed to block crypto companies from accessing traditional banking services. Deaton warned that failing to investigate could establish a precedent for regulatory bodies to suppress industries they disfavor, thus undermining innovation and economic opportunity. In a post directed to President Donald Trump and others, he emphasized the necessity of institutional integrity against the unchecked power of bureaucrats. Deaton also stated his willingness to take on this task pro bono for the American public's right to truth. His offer followed a court ruling that permitted Coinbase to seek unredacted files from the FDIC to explore its involvement in the purported initiative. The so-called operation reportedly affected various crypto activities, including BTC transactions, contributing to operational challenges for exchanges like Binance and others during 2023.

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