Republican Massachusetts Senate candidate John Deaton joins “Morning with Maria” to discuss his campaign strategy to oust Democratic Sen. Elizabeth Warren.
One of the most prominent figures in the crypto industry told FOX Business that championing digital assets is a long-term goal of unseating Elizabeth Warren, a powerful progressive who served as Massachusetts' senior senator. Although he has said that it will not be the center of attention, there is a possibility that it will head to Congress. Over ten years.
John Deaton, a military veteran, lawyer and prominent cryptocurrency advocate, confirmed Tuesday night the Republican nomination to take on Warren on November 5th with 65% of the party vote. Ta.
Mr. Deaton, who says he holds about 80% of his personal assets in Bitcoin, has been a vocal advocate of fair digital asset policies, and has used his legal knowledge to support the efforts of Ripple and Coinbase, Intervening on behalf of individual clients of large crypto companies. They're fighting the Securities and Exchange Commission. Meanwhile, Warren has become a nemesis of the crypto world by criticizing the $2 trillion industry and supporting SEC Chairman Gary Gensler's enforcement crackdown.
SEC Chairman Gary Gensler (Kevin Dietsch/Getty Images)
Deaton has gained the support of many crypto participants, from crypto billionaires such as Gemini exchange founders Cameron Winklevoss and Tyler Winklevoss and Cardano blockchain founder Charles Hoskinson to individuals. It has received donations, as well as individual donations from Ripple itself, which donated $1 million to a super PAC supporting Republican candidates.
Entrepreneurs Tyler Winklevoss and Cameron Winklevoss (Astrid Stawiarz/Getty Images)
Winklevoss Twins donate $1 million in Bitcoin to support Sen. Warren's professional crypto challenger
But Warren would be wrong to believe that Deaton is a single-stock candidate focused solely on cryptocurrencies. Instead, Deaton told FOX Business he is focusing on Massachusetts' weak immigration laws that have led to an influx of immigrants into the state. He says tax policy has devastated the working class as jobs migrate from the Northeast to tax-friendly regions. and end inflation through fiscal restraint.
“She's the crypto candidate, not me,” Deaton told FOX Business. “She has built her re-election campaign on building an anti-crypto brigade and even introduced legislation that would essentially ban Bitcoin. We have serious problems and we should be talking about them more urgently than cryptocurrencies. ”
Sen. Elizabeth Warren, Democrat of Massachusetts (Michael A. McCoy/Getty Images)
On Tuesday night, shortly after Deaton's victory, Warren released a statement about Deaton's support from top executives in the digital asset business.
“A handful of crypto billionaires and corporate special interests have funneled more than $2 million into super PACs to handpick their preferred Republican candidates. And now, Massachusetts voters could decide control of the Senate. “We have a clear choice,” she said.
In October, Warren held a two-day meeting with Deaton to allow voters to have “a substantive policy dialogue on abortion rights, the Supreme Court, funding for Medicare and Social Security, and other issues important to the future of our country.” I agreed to the discussion.
Ripple leads political push with second $25 million donation to Crypto Super Pack
Meanwhile, Deaton is proposing five single-issue debates on the economy, immigration, women's reproductive rights, income inequality, and foreign wars, two to touch on all the issues facing voters. He said that the previous debate was insufficient.
“People ask me if I'm a pro-crypto candidate, and I say, 'No, I'm a pro-freedom candidate,'” Deaton said. “I believe the government should not be in the business of telling people what they can and cannot own. If I become a senator, I will be an advocate for smart, customized crypto policy. But I'm going to fight.''Other issues important to Massachusetts people are just as difficult. ”
John Deaton (Suzanne Kreiter/Boston Globe via Getty Images)
Deaton aims to oust Warren because cryptocurrencies could play a decisive role in the upcoming presidential election between former President Trump and Vice President Harris. More than 40 million Americans own cryptocurrencies, some of whom identify as single-issue voters. This means they are more likely to vote for the candidate whose policies are most crypto-friendly than anything else.
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Trump has been courting the crypto voting bloc since May, promising to make the US the “crypto capital of the world” and create a friendlier regulatory environment. Although Harris has not publicly stated her position on cryptocurrencies, many in the industry believe she will take a similar approach to Biden, citing her position as vice president and support from Warren. I believe it will take.
