{"id":342050,"date":"2024-07-11T15:07:06","date_gmt":"2024-07-11T09:37:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=342050"},"modified":"2024-07-11T15:07:06","modified_gmt":"2024-07-11T09:37:06","slug":"pro-xrp-lawyer-deaton-vows-to-expose-senate-warrens-hypocrisy-on-anti-crypto-bill-crypto-news-2","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pro-xrp-lawyer-deaton-vows-to-expose-senate-warrens-hypocrisy-on-anti-crypto-bill-crypto-news-2\/","title":{"rendered":"Pro-XRP Lawyer Deaton Vows To Expose Senate Warren’s ‘Hypocrisy’ On Anti-Crypto Bill – Crypto News"},"content":{"rendered":"

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In a recent X post, pro-XRP lawyer John Deaton has vowed to expose Senator Elizabeth Warren\u2019s alleged hypocrisy regarding her anti-crypto stance. Meanwhile, the controversy stems from Elizabeth Warren\u2019s criticism of Fed Chair Jerome Powell, alleging his \u201ccozy relationship\u201d with big banks. However, the pro-XRP lawyer targeted the Massachusetts Senate claiming her words mirror her own actions.<\/p>\n

Pro-XRP Lawyer Deaton Challenges Elizabeth Warren\u2019s Criticism<\/h2>\n

Senator Elizabeth Warren, whom many crypto market enthusiasts deems an anti-crypto politician, recently criticized Fed Chair Jerome Powell<\/a>. In a recent X post, Senate Warren accuses him of having a \u201ccozy relationship\u201d with big banks, allowing them to grow unchecked.<\/p>\n

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In her post, Warren stated:<\/p>\n

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Fed Chair Powell\u2019s cozy relationship with big banks means they get to write their own rules, play games with people\u2019s money, and grow their market power unchecked. Enough is enough.<\/p>\n<\/blockquote>\n

However, John Deaton<\/a>, a prominent lawyer and advocate for XRP, responded sharply. He accused Warren of hypocrisy, stating, \u201cMy God, talk about the pot calling the kettle black! Elizabeth Warren\u2019s hypocrisy knows no bounds.\u201d<\/p>\n

<\/p>\n

In addition, the pro-XRP lawyer challenged Elizabeth Warren to reveal who wrote her anti-crypto bill and vowed to hold her accountable by fall. For context, John Deaton is running in the election race against Elizabeth Warren.<\/p>\n

Also Read: \u2018Biden Should Fire Gary Gensler\u2019 Quote Mark Cuban And Crypto Roundtable Attendees<\/a><\/strong><\/p>\n

Response Against Anti-Crypto Campaign<\/h2>\n

<\/p>\n

Senator Warren\u2019s anti-crypto stance isn\u2019t new. In April, she wrote to Treasury Secretary Janet Yellen, calling for decisive action against cryptocurrencies, citing national security threats.<\/p>\n

Meanwhile, the Senate expressed concerns over the potential misuse of digital assets, particularly stablecoins, by terrorist organizations and rogue nations. She echoed the testimony of Deputy Secretary Adewale O. Adeyemo, who emphasized the need for additional anti-money laundering (AML)<\/a> authorities to counter illicit cryptocurrency use.<\/p>\n

In addition, Warren\u2019s letter highlighted the urgency of adopting measures to prevent bad actors from exploiting the anonymity and decentralization of cryptocurrencies. She called for the inclusion of AML\/CFT requirements for the entire digital asset ecosystem, including payment intermediaries such as miners and validators.<\/p>\n

However, Deaton has consistently opposed Senate Warren\u2019s<\/a> anti-crypto stance. He argues that Warren\u2019s focus on cryptocurrency is a diversion from more pressing issues in Massachusetts, such as inflation and illegal immigration.<\/p>\n

<\/p>\n

Furthermore, the pro-XRP lawyer has previously accused Senate Warren of prioritizing the banking industry\u2019s interests over those of the public. He believes her efforts are misdirected and harmful to the emerging digital asset sector.<\/p>\n

Meanwhile, the clash between Deaton and Warren underscores the growing tension between crypto advocates and regulators. Deaton\u2019s vow to expose Warren\u2019s actions could further intensify the debate.<\/p>\n

Also Read: Shiba Inu Team Gives 4 Reasons Why SHIB ETF Is Imminent<\/a><\/strong><\/p>\n

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Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience. <\/p>\n<\/p><\/div>\n

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

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In a recent X post, pro-XRP lawyer John Deaton has vowed to expose Senator Elizabeth Warren\u2019s alleged hypocrisy regarding her anti-crypto stance. Meanwhile, the controversy stems from Elizabeth Warren\u2019s criticism of Fed Chair Jerome Powell, alleging his \u201ccozy relationship\u201d with big banks. However, the pro-XRP lawyer targeted the Massachusetts Senate claiming her words mirror her […]<\/p>\n","protected":false},"author":2,"featured_media":250525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-342050","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/342050","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=342050"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/342050\/revisions"}],"predecessor-version":[{"id":342057,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/342050\/revisions\/342057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/250525"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=342050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=342050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=342050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}