John Deaton Considering Running Against Elizabeth Warren in 2024
John Deaton, founder of Crypto Law and a prominent attorney in the SEC vs Ripple lawsuit, is reportedly considering running as a Republican against Senator Elizabeth Warren in the 2024 US Senate elections in Massachusetts. Deaton will decide in the coming days whether to pursue a Senate run, according to the Boston Globe.
A Challenge to a Crypto-Critic Senator
If Deaton decides to enter the race, it would mark the first major challenge to Senator Warren’s position on cryptocurrencies. Warren, who is seeking a third term this year, has been vocal against cryptocurrencies and has criticized the crypto industry’s hiring of former government officials. She has also called for action on crypto’s use in terrorist financing.
Impact on Crypto Regulatory Stance
If Deaton runs for Senate, it would provide clarity on the country’s crypto regulatory stance. Cryptocurrencies played a significant role in the outcome of the 2020 US election, and having candidates with differing views on crypto in key positions can influence future legislation and regulations.
Crypto Becoming a Major Talking Point Among Politicians
A total of 18 Senators in the US currently support cryptocurrencies, according to Coinbase’s advocacy group “Stand With Crypto.” Senators Cynthia Lumnis and Ted Burr are leading with eight crypto bills each. However, there are also around 30 Senators who strongly oppose crypto developments, with Senator Warren being one of the prominent critics.
Conclusion
John Deaton’s potential Senate run against Elizabeth Warren presents an opportunity for a crypto-friendly candidate to challenge a prominent critic of cryptocurrencies. This could have significant implications for the country’s crypto regulatory stance and future legislation. As more politicians discuss cryptocurrencies and take positions on the asset class, it highlights the growing importance of crypto in the political landscape.
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