Anti-crypto Senator Elizabeth Warren faced heat from Elon Musk and pro-XRP lawyer John Deaton for lying continuously ahead of the US elections. Elon Musk and Deaton were seen on the same side after Donald Trump-supporter Musk also endorsed John Deaton for Senate.
Senator Elizabeth Warren Faced Backlash
Democrat Massachusetts Senator Elizabeth Warren’s post on X has faced backlash from Republican candidate John Deaton, Bitcoin advisors, and the crypto community. Warren blamed corporations for the increase in prices and claimed to crack down on corporations to bring costs down.
However, pro-XRP lawyer Deaton slammed Senator Warren and Biden administration for inflated prices. He remarked that Warren is lying as the government is responsible for inflation.
“The government printed 80% of all USDs during the last FOUR years. That’s a big reason inflation hit the highest it’s been in 40 years.”
Elon Musk came in support of Deaton and blasted Warren for her wrong understanding and spreading misinformation. He warned that America will become de facto bankrupt if there is no radical reduction of government expenditures.
Government overspending causes inflation. End of story.
— Elon Musk (@elonmusk) October 22, 2024
Crypto executives such as Erik Voorhees, Pierre Rochard, and Preston Pyth also slammed Elizabeth Warren for blaming business for US inflation.
Musk Extends Support for Republican Candidates
On Monday, Elon Musk and Coinbase CEO Brian Armstrong announced support for Deaton in his election race against Senator Elizabeth Warren.
The Republican lags significantly behind the Democrat in the election polls. According to Polymarket data, the Democratic Party leads with 97.3% odds of winning the Massachusetts Senate election.
Meanwhile, Republican candidate Donald Trump leads Kamala Harris in the 2024 presidential race. This happened after Musk campaigned for Trump in Pennsylvania until Monday. Musk also boosted XRP and crypto prices mentioning crypto use cases against centralized control.
XRP price fell 4% in the past 24 hours, with the price currently trading at $0.53. The 24-hour low and high are $0.532 and $0.558, respectively. Furthermore, the trading volume has decreased by 3% in the last 24 hours, indicating a decline in interest among traders.
Varinder Singh
Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.
Disclaimer: 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.
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