John Deaton has volunteered to lead an investigation into the rumored ‘Operation Chokepoint 2.0’, a plan accused of hindering crypto companies from accessing traditional banking services. He offered his services to President-elect Donald Trump and his administration, underscoring the potential threat to innovation and institutional integrity.

Coinbase recently achieved a legal victory granting them access to unredacted FDIC documents. This development could reveal insights into the extent of federal involvement in ‘Operation Chokepoint 2.0’. The court’s decision underscores the legal tension within the ongoing debate over crypto regulation and government intervention.

Under President-elect Donald Trump’s upcoming administration, the regulatory landscape for cryptocurrencies might shift, as suggested by senior government lawyers. While financial fraud cases remain a priority, the focus may turn towards immigration enforcement, potentially easing crypto industry regulations seen under previous administrations.