John Deaton Debates Elizabeth Warren on Crypto Regulations
Deaton emphasized that cryptocurrencies could eliminate the need for predatory banks and intermediaries.

Two-term incumbent Democratic Senator Elizabeth Warren and her Republican challenger, John Deaton, had a fiery clash during the Senate debate at WBZ-TV on Tuesday.
The debate covered a range of issues , including cryptocurrency, immigration, housing, and abortion rights.
Pro-crypto attorney John Deaton took the stage to highlight the potential of Bitcoin as a financial tool for those without access to traditional banking services.
Deaton Emphasizes the Benefits of Crypto
Deaton emphasized that cryptocurrencies could eliminate the need for predatory banks and intermediaries, thus providing financial inclusion.
Reflecting on his personal experience, Deaton recounted his mother’s struggles with traditional banking, particularly the high fees charged by check-cashing stores for welfare checks.
He argued that Bitcoin could offer a solution to people like his mother, who were excluded from the mainstream financial system.
“When Bitcoin came along, I thought, ‘Great, now you can cut out predatory banks and middlemen,’” Deaton stated.
Deaton also criticized Senator Warren’s approach to cryptocurrency regulation, arguing that her stance is misguided given the current economic challenges and geopolitical tensions.
Deaton also took issue with Warren’s proposed Digital Asset Anti-Money Laundering Act, which seeks to impose strict regulations on digital assets, including self-hosted wallets.
He claimed the bill disregards the interests of individual investors, particularly those from lower-income communities.
“Her bill bans crypto self-custody in America, yet she allows banks to custody Bitcoin. It’s another example of how Senator Warren’s policies do not help poor people or the working class. She favors accredited investor rules that exclude 85% of Americans,” Deaton emphasized.
“Her policy absolutely hurts poor people.”
In response to Warren’s accusations that his campaign was heavily funded by the crypto industry, Deaton defended his actions, stating that his support from the sector was expected given Warren’s attempts to regulate and ban the industry.
He also referenced his involvement in the Ripple case and his exposure of former SEC official Bill Hinman as evidence of his commitment to transparency and accountability.
Deaton officially launched his Senate campaign against Warren in February 2024, shortly after setting up his campaign website.
Throughout his campaign, he has been a vocal critic of Warren’s anti-crypto stance, positioning himself as a champion for the interests of everyday Americans.
Debate Addresses Immigration and Abortion Rights
The debate also addressed other critical issues, such as immigration.
Deaton called illegal immigration a national security crisis while labeling the migrant crisis as a humanitarian issue.
However, he clarified that he does not support mass deportations.
Warren, on the other hand, acknowledged the strain on Massachusetts’s healthcare, housing, and education systems but criticized the Republican approach as one rooted in fearmongering.
“The Republican playbook is one that Donald Trump perfected—demonize immigrants and call them names, but don’t solve the problem,” Warren said.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
New spot margin trading pair — HOLO/USDT!
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn
- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

New spot margin trading pair — LINEA/USDT!
Trending news
MoreCrypto prices
More








