Is Elizabeth Warren Feeling The Heat From Pro-XRP Lawyer John Deaton's Challenge?

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John Deaton Confirms Debate Date With Senator Elizabeth Warren – Crypto News

Published

9 months ago

September 23, 2024

Dripp

Pro-XRP lawyer John Deaton, the Republican nominee for the Massachusetts seat has now confirmed that he will challenge Democratic Senator Elizabeth Warren in a much awaited debate on 15 October 2024. This will be the first time both the candidates will come face to face to present their views on financial regulation, cryptocurrency, and the government’s part in the economy.

The debate also presents the perfect platform for the next political step with Vice President Kamala Harris and the Ex President of the United States, Donald Trump, also planning for their next debate.

John Deaton Confirms Debate Date With Senator Warren

Pro-XRP lawyer John Deaton who recently clinched the Republican nomination in the state of Massachusetts, confirmed the debate through X (formerly Twitter). Deaton has positioned himself as a staunch advocate for smart, tailored regulations in the cryptocurrency sector and has been a vocal critic of what he describes as Warren’s anti-crypto agenda.

He has claimed that Senator Warren is working for large banks, saying that her conduct is inconsistent with her words.

🧨 🔥 NOTICE: 🔥 🧨

ON OCTOBER 15, WE HAVE OUR FIRST DEBATE@SenWarren has effectively become America’s number one lobbyist for Big Banks.

Never pay attention to what career politicians like @ewarren say – pay attention to what they do.

For example, she decried how banking… https://t.co/G6NAmSBt70 pic.twitter.com/oUqMtTSoOs

— John E Deaton (@JohnEDeaton1) September 21, 2024

John Deaton has pointed out that Warren has been an outspoken critic of bank executives while at the same supporting bank bailouts during the Great Financial Crisis. He suggests that she is not acting out of accountability but rather as a political move. Deaton further explained that Warren’s policies are designed to ensure that the existing financial system is shielded in the detriment of innovation within the crypto space.

Warren’s Crypto Regulation Stance Under Scrutiny

Senator Warren has been one of the most vocal critics of the cryptocurrency industry, advocating for increased regulation of the digital asset space in the past. Recently, she has alleged that some conservative organizations backed by the crypto industry are peddling falsehoods to discredit her.

Warren also listed the Winklevoss twins, founders of the Gemini exchange as supporters of these groups and indicated that they stand against proper regulation that would protect consumers.

Nevertheless, John Deaton and other industry supporters have dismissed Senator Elizabeth Warren’s allegations stating that she is merely going after the crypto investors and firms while turning a blind eye to other related issues in normal banking. The Pro-XRP lawyer has also argued that less than one percent of cryptocurrencies transactions are associated with criminal activities while several hundreds of billion dollars are estimated to be laundered every year via major banking systems.

Debate to Focus on Crypto and Financial Sector Accountability

The upcoming debate will most likely be focused on the questions of financial sector’s responsibility, cryptocurrency, and the government regulation.

John Deaton has depicted Warren as continuing with the tradition of looking for the interest of big banks through her legislation and association with the lobbyists from the financial sector.

He also states that Senator Elizabeth Warren’s proposed crypto regulations would suppress innovation and be detrimental to American investors, as well as not sufficiently penalize major financial firms for their misconduct.