CandleFocus Warren Says Political Rival Deaton Will 'Fight for Crypto' if Elected to Replace Her in the Senate
2024-10-16
Author: Content Editor
Elizabeth Warren, a Democratic Senator, attacked her Republican opponent, John Deaton, in a Massachusetts Senate debate, accusing him of being influenced by the crypto industry. Warren claimed that Deaton’s campaign was heavily funded by the crypto industry and that he prioritized crypto interests over the needs of working-class Americans. Deaton defended himself by highlighting the benefits of cryptocurrencies for unbanked individuals and criticized Warren for focusing on attacking crypto instead of addressing economic issues. Warren maintained her stance on tighter regulation for digital assets, citing concerns about money laundering and terrorism financing. Deaton questioned Warren’s favoritism towards banks and highlighted his advocacy for XRP holders in the Ripple v. SEC lawsuit. Ripple Labs has donated $1 million to a super PAC supporting Deaton’s campaign. Warren has consistently voiced concerns over crypto, warning about consumer fraud, volatility, and environmental degradation.
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