CandleFocus Coinbase CEO backs pro-XRP lawyer, Calls out Warren’s agenda
2024-10-21
Author: Content Editor
In this news, John Deaton, a pro-XRP lawyer and Republican candidate from Massachusetts, is gaining support in his battle against Senator Elizabeth Warren. Coinbase CEO Brian Armstrong has endorsed Deaton and raised concerns about the US SEC Chair, Gary Gensler. Deaton and Warren previously debated over crypto policy, with Deaton accusing Warren of prioritizing anti-crypto efforts over pressing issues for lower and middle-class citizens. Armstrong encouraged Massachusetts residents to vote for Deaton and claimed that Warren encouraged Gensler to try and kill the crypto industry. Armstrong also endorsed Dave McCormick for Pennsylvania residents. Deaton is well-known for representing XRP holders in the legal battle between the US SEC and Ripple. In the debate, Deaton focused on issues like illegal immigration and inflation, questioning why Warren would prioritize crypto. Warren argued that she supports crypto trading but believes it should be regulated like banks for consumer protection and counter-terrorism reasons. The candidates agreed that traditional banking has failed many Americans. Warren criticized Deaton's campaign funding coming from the crypto industry, suggesting it could influence his decisions if elected.
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