CandleFocus Bitcoin cuts out predatory banking, empowers the unbanked, says pro-XRP attorney John Deaton
2024-10-16
Author: Content Editor
Pro-crypto attorney John Deaton argued in a Massachusetts Senate debate against Sen. Elizabeth Warren that Bitcoin could eliminate the need for predatory banks and middlemen, allowing those without access to traditional banking services to participate in the financial system. Deaton, who has personal experience with his mother's struggles with traditional banks, believes Bitcoin could help people like his mother who are excluded from the traditional financial system. He criticized Sen. Warren's anti-crypto approach, particularly her proposed legislation that would impose stringent regulations on digital assets, including self-hosted wallets, arguing that it disregarded the interests of individual investors, especially those from lower socioeconomic backgrounds. Deaton defended his ties to the crypto industry and highlighted his commitment to transparency and accountability. He officially announced his candidacy for the US Senate against Sen. Warren in early 2024 and has vowed to champion the interests of everyday Americans.
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