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The post Pro-XRP Lawyer Urges Action on ChokePoint 2.0, Calls Ripple SEC Case the Most Critical appeared first on Coinpedia Fintech News John Deaton, a well-known pro-XRP lawyer and advocate for the cryptocurrency industry, has offered to spearhead an investigation into the alleged “Operation Choke Point 2.0,” a supposed initiative aimed at restricting cryptocurrency companies from accessing traditional banking services. Deaton made his proposal in a post on X (formerly Twitter) on January 4, addressing President-elect Donald Trump, Vice President JD Vance, and other members of the incoming administration. Deaton framed the investigation as a critical matter that extends beyond the crypto industry, calling it a fight against the erosion of institutional integrity and unchecked power from unelected bureaucrats. He warned that failure to challenge these actions would set a dangerous precedent, where regulatory bodies could quietly suppress entire industries they disapprove of, hindering innovation and economic opportunity. “A lot of people, including some in crypto, underestimate the significance of ChokePoint 2.0. In the middle of the @Ripple case, which I argued was the most significant non-fraud @SECGov enforcement action in modern history,” he wrote. In his post, Deaton offered to lead the investigation into this alleged operation without salary, saying that the American public deserves the truth far more than anyone needs another taxpayer-funded paycheck. His comments follow a significant legal development in the case, as a court recently allowed Coinbase to access unredacted documents from the Federal Deposit Insurance Corporation (FDIC). These documents could provide further insight into the role federal agencies may have played in the supposed operation. As a former prosecutor and Special Assistant United States Attorney I am very serious about volunteering to help lead a federal investigation into ChokePoint 2.0. I would accept the task without salary. The American people deserve the truth a hell of a lot more than I or anyone… https://t.co/LFdhpCixnr — John E Deaton (@JohnEDeaton1) January 4, 2025 Deaton’s proposal comes on the heels of his recent defeat in the Massachusetts Senate race, where he ran against crypto critic Senator Elizabeth Warren. During the campaign, Deaton accused Warren of prioritizing anti-crypto policies over addressing critical issues faced by working-class Americans. As the U.S. prepares for a change in leadership with President-elect Trump, many crypto advocates are hopeful that the incoming administration will ease regulatory burdens on the industry.
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TONCASH Secures Strategic Investment from TON Ventures to Scale Crypto Cashback Platform
The investment will enable TONCASH to accelerate the onboarding of millions of users to its innovative crypto cashback platform and build the Web3 standard for best-price shopping. HONG KONG , Jan. 7, 2025 /PRNewswire/ — TONCASH , the Telegram-native crypto cashback and rewards platform, has received a strategic investment from TON Ventures, the flagship venture fund of The Open Network (TON). The strategic investment will accelerate TONCASH’s mission to onboard millions of users and become the Web3 standard for best-price shopping and on-chain rewards. Ben Usinger , CEO and Co-Founder of TONCASH, commented : “This investment deepens our collaboration with Telegram and The Open Network, empowering us to deliver the best online shopping and rewards experience for the Web3 audience. With TON Ventures’ strategic support, we’re driving the adoption of on-chain payments, engaging millions of users through innovative cashback mechanics and redefining how brands connect with customers in the Web3 space.” Since launching its Telegram Mini App in November 2024 , TONCASH has gained over 200,000 users and a large following on social media, underscoring its product-market fit and rapid growth potential. TONCASH users enjoy deals from over 200 top brands, including Apple, Adidas, Binance, or Trip.com, offering up to 80% cashback — redeemable in Bitcoin, USDT, or TON tokens. Beyond cashback, the mini app provides perks such as airdrops and engagement rewards, all while operating seamlessly on any phone with Telegram installed. With TON Ventures’ backing, TONCASH now pursues an aggressive expansion across Asia-Pacific , Europe , the Middle East , and Latin America , reaching Telegram’s 950-million-user base and connecting global brands to Web3 users through crypto cashback and rewards. To join the app and benefit from its perks: Visit: TONCASH website Join us on Telegram coinpedia
Cardano (ADA) Momentum Builds: Rally Has More Room to Run
Cardano price started a fresh surge above the $1.00 zone. ADA is consolidating and might aim for a fresh increase above the $1.1150 level. ADA price started a downside correction from the $1.1150 zone. The price is trading above $1.00 and the 100-hourly simple moving average. There is a short-term rising channel forming with support at $1.075 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could start another increase if it clears the $1.1150 resistance zone. Cardano Price Starts Fresh Surge After forming a base above the $0.80 level, Cardano started a fresh increase, beating Bitcoin and Ethereum . ADA surged above the $0.90 and $1.00 levels. The bulls even pushed the price above $1.120. A high was formed at $1.1156 and the price is now consolidating gains. There was a minor decline below $1.1120, but the price remained above the 23.6% Fib retracement level of the upward move from the $0.8373 swing low to the $1.1156 high. Cardano price is now trading above $1.00 and the 100-hourly simple moving average. There is also a short-term rising channel forming with support at $1.075 on the hourly chart of the ADA/USD pair. On the upside, the price might face resistance near the $1.10 zone. The first resistance is near $1.1120. The next key resistance might be $1.1150. If there is a close above the $1.1150 resistance, the price could start a strong rally. In the stated case, the price could rise toward the $1.20 region. Any more gains might call for a move toward $1.250 in the near term. Downside Correction in ADA? If Cardano’s price fails to climb above the $1.1120 resistance level, it could start another decline. Immediate support on the downside is near the $1.080 level. The next major support is near the $1.050 level. A downside break below the $1.050 level could open the doors for a test of $0.975 or the 50% Fib retracement level of the upward move from the $0.8373 swing low to the $1.1156 high. The next major support is near the $0.950 level where the bulls might emerge. Technical Indicators Hourly MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $1.0800 and $1.050. Major Resistance Levels – $1.1120 and $1.1150. coinpedia
