John Deaton, a pro-crypto lawyer and former U.S. prosecutor, has offered to lead an investigation into Operation Chokepoint 2.0 under the incoming Trump administration. This initiative is viewed as a potential threat to lawful crypto businesses by restricting their access to banking services. Recent documents from the Federal Deposit Insurance Corporation (FDIC) have come to light, revealing that regulators advised banks to pause their involvement in crypto activities during 2022-23, though they did not impose an outright ban. Coinbase has accused the FDIC of acting as a gatekeeper, undermining the crypto sector by suggesting banks limit their engagement with cryptocurrency and blockchain technologies. The FDIC's oversight strategy has been challenged, with some arguing that it reflects bureaucratic overreach that could harm market innovation. Deaton's call for a congressional probe into the FDIC's activities highlights concerns over regulatory practices that may inhibit the growth of the crypto industry.