John Deaton, known for his fight against the U.S. SEC’s overreach, is willing to lead an investigation into Chokepoint 2.0. This alleged government plot threatens the crypto industry. Deaton highlights the misuse of power by unelected officials, using Custodia Bank’s case against the Federal Reserve as an example of oppressive regulatory practices.

Deaton argues that unchecked regulatory actions could suppress entire industries, stalling innovation and economic progress. His comments follow Coinbase’s claim of regulatory coordination against crypto businesses. Deaton insists that exposing such activities is crucial for maintaining the U.S.’s innovative edge and ensuring fair access to financial infrastructure.