Famous crypto antagonist Senator Elizabeth Warren has defeated Republican candidate John Deaton to win a reelection bid in Massachusetts.
The crypto community would still have one to worry about after famous crypto critic Elizabeth Warren defeated pro-crypto candidate John Deaton to win her third term reelection as Massachusetts senator. Multiple sources, including the Associated Press, confirmed the report on Tuesday.
The AP shows a landslide victory for Warren, as she has secured 60.3% votes against Deaton’s 39.7% after 88% reporting. At press time, the incumbent senator has 1.85 million votes cast for and 1.22 million votes against in the two-horse race.
Warren, Deaton Reacts to Victory
Reacting to the victory, Massachusetts’s incumbent, Senator Warren, applauded the immense support she received during the elections. In a tweet, she stated that she would keep advocating for the “working people.”
Thank you, Massachusetts! I’m deeply grateful that you’ve decided to send me back to the Senate. Together, we’ll keep up the fight for a government that works for working people. pic.twitter.com/DMBA8VkbbC
— Elizabeth Warren (@ewarren) November 6, 2024
Meanwhile, pro-crypto Republican candidate Deaton addressed his proponents early Wednesday, also thanking them for their support. He noted that he was honored to hold his own while running for Senate against “one of the most entrenched Washington Elites” and an influential voice in US politics.
During the election debate, Deaton criticized Warren’s handling of digital assets, including her notorious Bank Secrecy Act and anti-money laundering regulations. In response, the senator defended her policies by stating that they aim to create equal rules for crypto.
Notably, Deaton is one of the few candidates supported by the crypto community that didn’t win the elections. The attorney in the Ripple vs. SEC lawsuit received donations from crypto leaders in his attempt to unseat Warren as Massachusetts’ senator.
Notable Impact?
Despite Warren’s victory, pro-crypto representatives occupy a chunk of other US senatorial seats. Report shows that about pro-crypto candidates are leading the race in the ongoing elections, strengthening pro-crypto dispositions in the House and Senate.
Furthermore, Donald Trump, who has secured a decisive lead in the presidential election, has promised to tackle the dark regulatory cloud in the US, including firing Gary Gensler on his first day in office.
Hence, unnecessary regulatory advocacies from antagonists like Warren may have minimal effect, as the notable levels of governance have representatives who believe in the nascent innovation and would defend its course.
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