Elon Musk and Coinbase CEO Brian Armstrong have publicly shown their support for John Deaton, a pro-crypto candidate running for Senate against Elizabeth Warren. Armstrong didn’t hold back, calling out Warren for her negative stance on crypto and accusing her of teaming up with SEC Chair Gary Gensler to harm the industry. Even Musk backed Armstrong’s tweet too, replying “Yes,” showing he’s all in for Deaton.
Massachusetts Voters Urged to Support Deaton for Crypto Freedom
On the social media platform X, a user named “Metalawman” called on voters in Massachusetts to support John Deaton, praising his commitment to crypto advocacy. He wrote:
“If you live in Massachusetts, you should vote for @JohnEDeaton1. Deaton has done more for crypto freedom than all other candidates combined. His opponent @SenWarren (founder of the Anti-Crypto Army) believes you should be debunked if you make investment choices she disapproves.”
This post emphasizes the stark contrast between Deaton, a strong proponent of cryptocurrency, and U.S. Senator Elizabeth Warren, who has become a notable critic of the industry.
Armstrong Calls Warren “Anti-Freedom” in Latest Criticism
Armstrong didn’t hold back, saying that Warren is “anti-freedom” and believes the government should control all financial services. He wrapped up his post by blaming Warren for the “enormous” damage he thinks she’s caused in the U.S. Musk simply replied “Yes” to back Armstrong’s earlier post, where he urged Massachusetts voters to support Deaton, criticizing Warren for her stance on financial control and the harm she’s done to the country.
Deaton Gains Bipartisan Support in Senate Race Against Warren
Deaton is applauded for his support of Ripple Labs in the crypto community and is contesting elections as a moderate Republican. He faces a tough challenge against Elizabeth Warren, who has a strong lead in the polls. However, Deaton’s campaign has received support from both sides of the aisle, with endorsements from well-known figures in the crypto space like Mark Cuban and the Winklevoss twins.
Deaton’s role as a pro bono lawyer for Ripple and Coinbase customers—two major crypto companies facing lawsuits from the SEC—along with his outspoken criticism of the Biden Administration’s handling of crypto regulation, has earned him support from the $2 trillion industry.
Warren Maintains Lead in Polls Despite Crypto Debate Spotlight
Despite strong support from the crypto community, Deaton is facing an uphill battle with just two weeks left until the election. Recent polls show Warren, a prominent Democrat and key backer of presidential candidate Kamala Harris, holding a solid 20-point lead over Deaton. Harris is also expected to easily beat her Republican opponent, Donald Trump, in Massachusetts and secure the state’s eleven electoral votes.
In two recent debates, Deaton and Warren clashed over various points, including cryptocurrency. Warren, who often criticizes the crypto industry, targeted Deaton for the large financial support he’s received from it.
John Deaton, a pro-crypto Senate candidate, has accused Senator Elizabeth Warren of misrepresenting his financial ties to Bitcoin during their recent debates. Deaton argues that Warren’s policies harm financial freedom and stifle innovation. He has shared personal stories, including how Bitcoin helped his mother avoid costly banking fees, to show how crypto can provide financial access to marginalized groups.
During a heated debate, Warren claimed that 90% of Deaton’s campaign funding comes from the crypto industry, implying he would favour crypto interests over the needs of everyday Americans. Deaton fired back, questioning why Warren is so focused on crypto when issues like inflation and border security need more attention.
While Warren holds a strong lead in the polls as she seeks a third Senate term, the race has gained attention due to the high-profile candidates and the important debate over cryptocurrency regulation. The discussions have revealed a clear divide between Deaton’s pro-crypto approach and Warren’s push for tougher regulations to safeguard people and maintain financial stability.
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