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Senate Hopeful John Deaton Rebukes Elizabeth Warren’s Crypto Policies

Senate Hopeful John Deaton Rebukes Elizabeth Warren’s Crypto Policies

CoineditionCoinedition2024/05/25 08:34
By:Nynu V Jamal
  • John Deaton proclaims his fight against the crypto critic Senator Elizabeth Warren.
  • Deaton calls it a fight against the government overreach, reflecting on his war against the SEC.
  • The XRP lawyer addresses himself as a pro-freedom rather than a pro-crypto candidate.

John Deaton, an XRP attorney and U.S. Senate candidate, has intensified his battle against crypto-critic Senator Elizabeth Warren. Positioning himself as a “pro-freedom candidate,” the XRP lawyer proclaimed his fight against what he terms “government overreach.”

Three and half years ago, people asked:

“Why are you going up against the @SECGov ?”

My response was:

“Because it’s the most important AND most difficult fight against government overreach.”

Today, people ask:

“Why are you going up against the most entrenched Washington… pic.twitter.com/EJENVV0fp4

— John E Deaton (@JohnEDeaton1) May 24, 2024

Deaton is well-known among crypto enthusiasts as an XRP attorney who joined the community to challenge the SEC’s regulatory actions. The SEC’s lawsuit against Ripple, which seeks to classify XRP as a security, remains unresolved and has been a focal point of Deaton’s advocacy.

As an opponent of Warren, who recently reiterated her anti-crypto stance and formed the “anti-crypto army,” Deaton does not consider himself a pro-crypto candidate but rather a pro-freedom candidate . Criticizing Warren’s strong opposition to cryptocurrencies, Deaton asserted it is “anti-American.”

In his recent post on X, he drew parallels between his prolonged conflict with the SEC and his opposition to Warren. He highlighted his disagreement with both the SEC and Senator Warren over their anti-crypto measures and regulatory overreach. He stated, “It’s the most important AND most difficult fight against government overreach.”

Ahead of the 2024 U.S. Presidential Election, President Joe Biden and Republican candidate Donald Trump have clarified their stances on crypto. Trump announced his support for crypto and has even begun accepting crypto donations, while Biden has sworn to combat cryptocurrencies, forming an anti-crypto coalition.

Referring to the political divide between Republicans and Democrats on crypto, Deaton emphasized Warren’s significant role in exacerbating this divide. He remarked, “It’s fueled by my opponent, Elizabeth Warren, who just fuels the division.”

Recently, when Warren demanded stricter crypto regulations, including oversight of crypto and stablecoin users, Deaton criticized her, accusing her of “misleading the American people.” Deaton advocated a balanced approach to crypto regulation that fosters innovation while addressing risks. 

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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