Pro-crypto lawyer John Deaton has voiced concerns regarding the controversial Operation Chokepoint 2.0. In a conversation that has gained traction on crypto X, Deaton responded to Kraken CEO Jesse Powell, calling for an official probe into the initiative aimed at debanking crypto-related activities.
Operation Chokepoint 2.0 is perceived as an organized effort to limit the banking services essential for the growth and sustenance of the cryptocurrency sector. This has provoked reactions from crypto advocates who view it as a threat to financial innovation.
Deaton's advocacy for an investigation highlights the urgency of addressing these limitations imposed on the crypto industry. By ensuring transparency, he seeks to protect the industry's infrastructure from unwarranted regulatory constraints.
