- John Deaton declares his battle in opposition to crypto critic Senator Elizabeth Warren.
- Deaton calls it a battle in opposition to authorities overreach as he considers his battle in opposition to the SEC.
- The XRP lawyer is asking himself a libertarian moderately than a cryptocurrency candidate.
XRP lawyer and US Senate candidate John Deaton has stepped up his battle in opposition to crypto-critical Senator Elizabeth Warren. XRP's lawyer, who has positioned himself as a “candidate for freedom,” has stated he's preventing what he calls “authorities overreach.”
Deaton is well-known amongst crypto fanatics as an XRP lawyer who joined the group to problem the SEC's regulatory actions. The SEC's lawsuit in opposition to Ripple, which seeks to categorise XRP as a safety, stays unresolved and has been central to Deaton's advocacy.
As an opponent of Warren, who lately reiterated her anti-crypto stance and created an “anti-crypto military,” Deaton sees herself not as a candidate for crypto, however moderately as a candidate for freedom. Deaton criticized Warren's robust opposition to cryptocurrencies, saying it was “anti-American.”
In a current publish on X, he drew parallels between his longstanding battle with the SEC and his opposition to Warren. He highlighted his disagreement with the SEC and Senator Warren relating to their anti-crypto measures and regulatory overreach. He stated: “That’s a very powerful factor AND probably the most troublesome battle in opposition to authorities overreach.”
Forward of the 2024 presidential election, President Joe Biden and Republican candidate Donald Trump have clarified their stance on cryptocurrencies. Trump introduced his help for cryptocurrencies and even began accepting crypto donations, whereas Biden vowed to battle cryptocurrencies and created an anti-crypto coalition.
Referring to the political divide between Republicans and Democrats on cryptocurrency, Deaton highlighted Warren's important function in widening the divide. He famous, “It's pushed by my opponent, Elizabeth Warren, who is simply driving the division.”
Lately, when Warren known as for stricter crypto laws, together with oversight of customers of cryptocurrencies and stablecoins, Deaton criticized her, accusing her of “deceptive the American folks.” Deaton argued for a balanced strategy to cryptocurrency regulation that encourages innovation whereas addressing threat.
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