Permanent link for this post: john deaton calls for a federal investigation into chokepoint 2.0 operation.
Coinbase released FDIC documents showing actions against #bitcoin and #ethereum services.
the crypto community,
attorney John Deaton reveals FDIC actions restricting #cryptocurrency services, including bitcoin and ethereum transactions, and calls for Operation Chokepoint 2.0 calls for a federal investigation. The crypto industry supports Deaton, arguing that he is stifling innovation and unfair treatment. Deaton emphasizes transparency and fair regulation of cryptocurrency development in the U. S.
A fierce advocate for XRP holders and a lawyer who has directly confronted the SEC, John Deaton is reportedly targeting cryptocurrency activity across the country, Operation Choke He wants the investigation to be conducted for free, as the American public is entitled to more oversight and public disclosure amidst growing government interference in the financial world.
The disclosure order reveals a massive, systematic effort to restrict cryptocurrency services. Coinbase has successfully obtained documents from the FDIC without a summary.
the exchange claims that the FDIC will require it to cease or reduce services related to bitcoin and Ethereum transactions, blockchain-based payment networks and tokenized deposit products between 2022 and 2023.
Industry expert Nick Carter said that these measures have prevented the introduction of products such as bitcoin rewards debit cards and bitcoin-backed loans, and he went on to say that the FDIC's actions are anti-consumer and anti-innovation by hindering the development of financial technology in the US.
Deaton stated that Operation Chokepoint 2.0 would be very disruptive. He said that he feared this and contributed to the discussion. He stated that this is not just about cryptocurrencies, but a direct attack on the US free market system.
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