Senator Elizabeth Warren Targets John Deaton’s Crypto Ties in Final Debate Pre-Election
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
In a fiery debate co-hosted by WBZ and The Boston Globe on Tuesday evening, Democratic Senator Elizabeth Warren (D-MA) launched a pointed attack on her Republican opponent, attorney John Deaton, accusing him of being too closely aligned with the crypto industry.
Warren, a long-time advocate for stricter digital asset regulations, argued that Deaton’s campaign funding heavily favors crypto interests.
Senator Warren asserted that Deaton prioritizes the interests of the crypto industry over working-class Americans.
“One candidate standing here gets 90% of their campaign funding from one industry—the crypto industry. One candidate has openly admitted that 80% of his personal worth is tied to crypto,” she stated. “If John Deaton goes to Washington, his crypto buddies will expect a return on their investment. He’s going to be there to fight for crypto.”
In response, Deaton, known for his vocal support of Bitcoin and legal advocacy in the SEC’s battle against Ripple, countered Warren’s accusations by sharing a personal narrative.
He highlighted how crypto, particularly Bitcoin, provided a solution for unbanked individuals, including his mother, who faced predatory banking fees.
“When Bitcoin came along, I thought of my mom, who couldn’t maintain a bank account due to fees. Bitcoin offered a way to cut out the predatory banks and middlemen,” Deaton said.
The debate intensified as Deaton criticized Warren for focusing her attacks on crypto while neglecting pressing economic issues like inflation.
“I wish Senator Warren attacked inflation the way
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