Crypto Attorney John Deaton Announces US Senate Run, Challenges Washington Elites
Summary:
John Deaton, a notable crypto attorney, officially announces his candidacy for a US Senate seat in Massachusetts, focusing on challenging the Washington establishment. Although digital assets are not directly mentioned in his campaign, a known focus of Deaton, he criticizes incumbent Senator Elizabeth Warren's ineffectiveness in her role. Warren's noted opposition to digital currencies contrasts with Deaton's advocacy for them. The latter's campaign materials do not disclose party allegiance, but it is reported that he is running as a Republican against Democrat Warren. With the election slated for November 5, Deaton's chances of success are viewed as uncertain.
Respected crypto attorney John Deaton has officially declared his intention to run for a US Senate seat from Massachusetts, with his main objectives centered around confronting the Washington establishment. Despite not overtly mentioning digital assets in his campaign, Deaton makes clear his dissatisfaction with current Senator Elizabeth Warren, stating that her service delivers no real value for the people of Massachusetts. In his campaign announcement video, released on February 20, he also touches on other national concerns including inflation and border safety. The announcement showed a newspaper headline acknowledging Deaton's efforts in supporting crypto against the U.S. Securities and Exchange Commission (SEC) and an image of him donning an XRP T-shirt.
If Deaton is victorious in his run, he would oust Senator Warren who has been a part of the Senate since 2013. Known for her active criticism of digital currencies, Warren argues that they are primarily used for illegal activities, such as funding terrorist groups. Deaton, on the other hand, has been a tireless promoter of digital currencies and has repeatedly criticized the SEC and other decision-makers for their crackdown on such assets, as highlighted on his campaign webpage. Although Deaton's campaign materials do not specify his political party allegiance, reports suggest he is running under the Republican ticket, while Warren is a Democrat. At the time of writing, neither Warren's nor Deaton's office had responded to a request for comment.
The Federal Election Commission's data indicates that as of December 31, Warren had amassed roughly $16 million for her 2024 reelection venture, with about $4 million of that remaining. Before Deaton formally started his campaign, Warren purportedly requested donations, cautioning against a "strong supporter of crypto interests", that is, Deaton, and insisting the "crypto lobby is [taking aim at her]."
It's undecided as of now whether interest groups would be permitted to support Deaton's bid for the Senate. In a recent interview, Warren asserted that some within the crypto community had "massive reserves of funding" to use in their attempts to oppose her backing of the Digital Asset Anti-Money Laundering Act in Congress.
However, Deaton's chances of dethroning Senator Warren are seen by many as doubtful. In 2023, the MassINC Polling Group found that only 41% of people from Massachusetts viewed Warren favorably. The decisive election will be held on November 5.
Published At
2/20/2024 7:02:27 PM
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