John Deaton, XRP lawyer and Republican candidate from Massachusetts, continues to gain support in his firm fight against powerful opponent Senator Elizabeth Warren. Coinbase co-founder and CEO Brian Armstrong has been the latest to extend support to Deaton while lashing out at Senator Warren recently.
Coinbase Co-Founder Supports John Deaton
In a post on the X platform on October 21, Coinbase co-founder Brian Armstrong stated: “Massachusetts residents should vote for John Deaton”. He also showered strong criticism of Senator Elizabeth Warren while highlighting her role in appointing Gary Gensler as the chair of the US SEC.
Armstrong has accused Warren of encouraging Gensler to take actions aimed at undermining the crypto industry in the US. He also criticized Senator Warren for being “anti-freedom” while suggesting that she advocated for a government-controlled financial system.
Coinbase co-founder slammed Senator Warren and her policies that harmed the country significantly. He said that her combating actions against crypto haven’t worked well while the industry continues to flourish. “Luckily they did not succeed as we and others fought back,” wrote the Coinbase co-founder.
Agreed – Massachusetts residents should vote for @JohnEDeaton1
Crypto holders in MA should realize @SenWarren is the one who got Gary Gensler his job and encouraged him to (unlawfully) try and kill the crypto industry in America. Luckily they did not succeed as we and others… https://t.co/uLcBzIXyTV
— Brian Armstrong (@brian_armstrong) October 21, 2024
XRP Lawyer John Deaton has been receiving support from other crypto industry supporters as well in recent days. Popular crypto lawyer MetaLawMan writes:
“If you live in Massachusetts you should vote for John Deaton. Deaton has done more for crypto freedom than all other candidates combined. His opponent Senator Warren believes you should be debanked if you make investment choices she disapproves”.
Senator Warren Faces Huge Backlash
For her heavy-handed approach concerning crypto, Senator Elizabeth Warren has faced a huge backlash from the crypto industry. Apart from the Coinbase co-founder, most of the crypto industry veterans have accused her of attacking crypto-friendly banking institutions like Silvergate Bank, Custodia Bank, and others. Many also believe that she is the key architect of Operation Choke Point 2.0 along with her colleagues in the Fed, and the SEC.
Moreover, crypto industry leaders such as the Winklevoss twins also donated over $1 million in political campaigns in order to unseat Senator Warren. Last month, Senator Warren lashed out at crypto-funded groups stating that they don’t want “fair regulations” for the crypto industry. “They’re upset since I have called for fair regulations around the industry that protect the working people,” she said.
However, Democratic candidate Kamala Harris has been taking a pro-crypto stand recently and is planning to replace Gary Gensler with other pro-crypto candidates.
Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
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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