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Crypto Lawyer, XRP Advocate Pushes for ChokePoint 2.0 Investigation
In a recent social media post, crypto lawyer and XRP advocate, Deaton, urged the government to investigate the FDIC’s (Federal Deposit Insurance Corporation) initiative, which he believes threatens capitalism and free market principles. According to him, this fight goes beyond digital assets, blockchain, and banking charters, but rather it is a campaign to hold unelected officials accountable for limiting access to financial systems.
Deaton emphasized that the American public deserves transparency and accountability. He also drew attention to incoming US President Donald Trump, his Vice President JD Vance, and Elon Musk, stating that this current fight is about institutional integrity.
As part of his efforts, Deaton called upon Coinbase’s Paul Grewal and Congress to start an official inquiry into FDIC’s actions.
This development comes as Coinbase publicly released the FDIC’s redacted letters through a court order. Industry expert Nic Carter joined calls for an investigation, acknowledging Coinbase’s decision to share these documents with the public.
The fight has gained traction, with Deaton’s post garnering support from the cryptocurrency community and potentially setting the stage for further developments in the space.
Source:
* nic carter (@nic__carter) – January 4, 2025
* [Twitter]
Source: bitcoinist.com
