{"id":39632,"date":"2024-10-16T10:44:29","date_gmt":"2024-10-16T10:44:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/lawyer-john-deaton-questions-warrens-anti-crypto-approach-during-debate-for-us-senate-seat\/"},"modified":"2024-10-16T10:44:29","modified_gmt":"2024-10-16T10:44:29","slug":"lawyer-john-deaton-questions-warrens-anti-crypto-approach-during-debate-for-us-senate-seat","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/lawyer-john-deaton-questions-warrens-anti-crypto-approach-during-debate-for-us-senate-seat\/","title":{"rendered":"Lawyer John Deaton questions Warren&#8217;s &#8220;anti-crypto&#8221; approach during debate for US Senate seat"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/maga-tremp-surge-ahead-of-trump-vs-biden-debate-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/maga-tremp-surge-ahead-of-trump-vs-biden-debate-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/maga-tremp-surge-ahead-of-trump-vs-biden-debate-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/06\/maga-tremp-surge-ahead-of-trump-vs-biden-debate-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">John Deaton questioned Elizabeth Warren\u2019s \u201canti-crypto\u201d approach during the debate<\/li>\n<li aria-level=\"1\">Warren said she wants the crypto industry to \u201cfollow the same rules as every bank and stockholder\u201d<\/li>\n<li aria-level=\"1\">Warren asked what favors crypto insiders were expecting for the financial help they were giving Deaton\u2019s campaign<\/li>\n<\/ul>\n<p>Senator Elizabeth Warren and crypto lawyer John Deaton took part in a heated debate over the crypto industry as they took up positions to claim the seat as the US senator from Massachusetts.<\/p>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=T2-YC34UgOo\" target=\"_blank\" rel=\"noopener\">Speaking<\/a> about when he first heard about Bitcoin, Deaton, a Republican, said that it could help \u201ccut out predatory banks and middlemen\u2026and helped unbanked people like my mom.\u201d Questioning Warren\u2019s perceived \u201canti-crypto\u201d approach, Deaton added:<\/p>\n<p>\u201cWith illegal immigration bankrupting the state, with inflation pricing regular people out of the economy [\u2026] why did this senator wake up one day and say with all that, I will build an anti-crypto army because crypto is so important to her?\u201d<\/p>\n<p>Warren answered that she was \u201cfine\u201d with people buying and selling crypto, but that she wants the industry to \u201cfollow the same rules as every bank, every stockholder, every credit union, and that [there are] some consumer protection laws and some laws to make sure that it\u2019s not open for terrorists, drug traffickers, human traffickers, and Iran.\u201d<\/p>\n<p>Continuing to hit back at Deaton, <a href=\"https:\/\/coinjournal.net\/search\/elizabeth+warren\">Elizabeth Warren<\/a> questioned who the people wanted representing them in Washington, adding:<\/p>\n<blockquote>\n<p>\u201cThere\u2019s one candidate standing here who gets 90% of the funding to keep their campaign going from one industry \u2013 the crypto industry. One candidate who has said quite openly that his personal worth is 80% tied up in crypto.\u201d<\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" title=\"Elizabeth Warren vs. John Deaton Massachusetts Senate debate\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/T2-YC34UgOo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>What do they want in return?<\/h2>\n<p>While Deaton didn\u2019t respond to Warren\u2019s claims, he argued that her bill \u201cbans crypto self-custody in America, yet she\u2019s allowing the banks to custody Bitcoin, another example that Senator Warren\u2019s policies do not help poor people, they do not help the working class.\u201d<\/p>\n<p>\u201cShe favors the accredited investor rule that excludes 85% of the American population.\u201d<\/p>\n<p>Warren, in turn, said she was confused by Deaton\u2019s claim that he had upset the crypto industry and \u201ccrypto billionaires,\u201d adding:<\/p>\n<p>\u201cI\u2019m just trying to understand why crypto folks are so mad at him, so mad that they\u2019re funding 90% of his campaign.\u201d<\/p>\n<p>She also questioned what crypto insiders were expecting in return for their financial help during his campaign.<\/p>\n<p>Deaton, known for his involvement in the Ripple vs. SEC lawsuit, highlighted his role in helping <a href=\"https:\/\/coinjournal.net\/search\/XRP\">XRP<\/a> holders, adding that it was due to his actions that eventually led to Ripple co-founder Chris Larsen donating $1 million to Vice President <a href=\"https:\/\/coinjournal.net\/search\/kamala+harris\">Kamala Harris\u2019s<\/a> campaign.<\/p>\n<p>In February, it was reported that <a href=\"https:\/\/coinjournal.net\/news\/pro-xrp-advocate-john-deaton-to-run-for-senate-against-elizabeth-warren\/\">Deaton would run for Senate<\/a> against Warren. Following the news, <a href=\"https:\/\/coinjournal.net\/news\/senator-elizabeth-warren-labels-john-deatons-senate-bid-a-threat\/\">Warren labelled Deaton\u2019s bid a \u201cthreat\u201d<\/a> as she mobilized supporters to secure her seat.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/lawyer-john-deaton-questions-warrens-anti-crypto-approach-during-debate-for-us-senate-seat\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) John Deaton questioned Elizabeth Warren\u2019s \u201canti-crypto\u201d approach during the debate Warren said she wants the crypto industry to \u201cfollow the same rules as every bank and stockholder\u201d Warren asked what favors crypto insiders were expecting for the financial help they were [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":39633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39632"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=39632"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/39632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/39633"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=39632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=39632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=39632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}