John Deaton Challenges Regulation!!! Proposes to Lead the 'Operation Chokepoint 2.0' Investigation
Former U.S. prosecutor and cryptocurrency advocate John Deaton recently suggested that the Trump administration should investigate the 'Operation Chokepoint 2.0' initiative. It is alleged that this operation aims to sever the ties between cryptocurrency companies and the traditional banking system, potentially bringing long-term regulatory challenges to the crypto industry.
Deaton pointed out that 'Chokepoint 2.0' is not just a cryptocurrency issue; it represents a broader problem of 'institutional integrity erosion and unchecked power of unelected bureaucrats.' He emphasized that if this initiative goes unchallenged, it will set a dangerous precedent for regulatory agencies, allowing them to quietly suppress industries that do not align with their positions, ultimately stifling innovation and economic opportunity.
In this context, Deaton also mentioned that the U.S. cryptocurrency market needs a clear regulatory framework rather than ongoing legal crackdowns, especially as platforms like Coinbase explore and disclose these government documents, increasing market concerns.
With the Trump administration about to take office, there may be changes in cryptocurrency regulatory policies, and U.S. cryptocurrency holders are looking forward to a more relaxed regulatory environment. Stay tuned with me, and let's keep up with market dynamics; the future is not to be missed!
