{"id":34484,"date":"2025-01-05T22:38:10","date_gmt":"2025-01-05T19:38:10","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=34484"},"modified":"2025-01-05T20:40:23","modified_gmt":"2025-01-05T17:40:23","slug":"conclusive-offer-from-crypto-friendly-lawyer","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/conclusive-offer-from-crypto-friendly-lawyer\/","title":{"rendered":"Conclusive Offer from Crypto Friendly Lawyer!"},"content":{"rendered":"<p>Former U.S. prosecutor and crypto advocate <strong>John Deaton<\/strong> has offered the Trump administration to lead an investigation into <strong>Operation Chokepoint 2.0<\/strong>, an alleged initiative aimed at excluding crypto companies from the traditional banking system.<\/p>\n<p>In a <strong>Jan. 4 X post<\/strong>, Deaton warned, \u201cIf such actions go unchallenged, it creates a dangerous precedent where regulatory bodies can silently suppress industries they disfavor, stifling innovation, competition, and economic opportunity.\u201d His post was directed at U.S. President <strong>Donald Trump<\/strong>, Vice President <strong>JD Vance<\/strong>, and Department of Government Efficiency leaders <strong>Elon Musk<\/strong> and <strong>Vivek Ramaswamy<\/strong>.<\/p>\n<p>Deaton added, \u201cThis isn\u2019t just a fight for crypto; it\u2019s a fight against the erosion of institutional integrity and the unchecked power of unelected bureaucrats.\u201d He also addressed the post to <strong>Secretary of Commerce Howard Lutnik<\/strong> and Trump\u2019s AI and crypto lead <strong>David Sacks<\/strong>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-01\/019433ed-3efb-78c9-819a-374bfe0a7737\" alt=\"crypto\" width=\"934\" height=\"768\" \/><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/conclusive-offer-from-crypto-friendly-lawyer\/#Deatons_Ripple_Experience_and_Salary-Free_Offer\" title=\"Deaton\u2019s Ripple Experience and Salary-Free Offer\">Deaton\u2019s Ripple Experience and Salary-Free Offer<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/conclusive-offer-from-crypto-friendly-lawyer\/#Operations_Architect_Resigns\" title=\"Operation\u2019s Architect Resigns\">Operation\u2019s Architect Resigns<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Deatons_Ripple_Experience_and_Salary-Free_Offer\"><\/span>Deaton\u2019s Ripple Experience and Salary-Free Offer<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Deaton, known for his efforts in <strong>Ripple<\/strong>&#8216;s legal battle against the SEC, said he would take on the role \u201cwithout salary.\u201d<br \/>\n\u201cThe American people deserve the truth far more than I or anyone else needs another taxpayer-funded paycheck,\u201d he declared.<\/p>\n<hr \/>\n<p><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-shared-that-memecoin-flew-up-500\/\">Elon Musk Shared, That Memecoin Flew: Up 500%!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p>His offer comes after a court allowed crypto exchange <strong>Coinbase<\/strong> to access unredacted files from the Federal Deposit Insurance Corporation (FDIC) as part of its investigation into the alleged Operation Chokepoint 2.0. <strong>Paul Grewal<\/strong>, Coinbase\u2019s chief legal officer, stated that the documents revealed a coordinated effort to halt various crypto activities, ranging from basic <strong>BTC<\/strong> transactions to more complex services.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Operations_Architect_Resigns\"><\/span>Operation\u2019s Architect Resigns<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The alleged architect of <strong>Operation Chokepoint 2.0<\/strong>, <strong>Martin Gruenberg<\/strong>, resigned as FDIC Chair in November.<\/p>\n<p>The operation refers to an unconfirmed U.S. government effort to pressure banks into denying or limiting services to crypto firms. This rumored initiative may have contributed to crypto exchanges like Binance struggling to secure local banking partners following the collapse of <strong>Silvergate<\/strong> and <strong>Signature Bank<\/strong> in March 2023.<\/p>\n<p>Deaton\u2019s new proposal follows his loss to Democrat <strong>Elizabeth Warren<\/strong> in the Massachusetts Senate race on Nov. 5. Warren\u2019s landslide victory came after two heated debates where Deaton criticized her for building an \u201canti-crypto army\u201d instead of focusing on issues affecting the state\u2019s lower and middle classes.<\/p>\n<hr \/>\n<p><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former U.S. prosecutor and crypto advocate John Deaton has offered the Trump administration to lead an investigation into Operation Chokepoint 2.0, an alleged initiative aimed at excluding crypto companies from the traditional banking system. In a Jan. 4 X post, Deaton warned, \u201cIf such actions go unchallenged, it creates a dangerous precedent where regulatory bodies<\/p>\n","protected":false},"author":28,"featured_media":34485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,657,2],"tags":[22,61,151,393,5145,9820,509,10789,10788],"class_list":["post-34484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-en","category-news","tag-binance","tag-bitcoin","tag-coinbase","tag-crypto","tag-john-deaton","tag-operation-chokepoint-2-0","tag-ripple","tag-signature-bank","tag-silvergate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Conclusive Offer from Crypto Friendly Lawyer! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/conclusive-offer-from-crypto-friendly-lawyer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Conclusive Offer from Crypto Friendly Lawyer! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Former U.S. prosecutor and crypto advocate John Deaton has offered the Trump administration to lead an investigation into Operation Chokepoint 2.0, an alleged initiative aimed at excluding crypto companies from the traditional banking system. 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