Sen. Elizabeth Warren to debate crypto lawyer John Deaton twice this month

Senator Elizabeth Warren will debate crypto lawyer and Senate candidate John Deaton twice this month.

The primary of those debates will happen on October 17, 2024 in Springfield, Massachusetts, hosted by New England Public Media (NEPM) and GBH Information.

The second is anticipated later this month, with each candidates set to debate key points reminiscent of cryptocurrency, monetary regulation and financial coverage.

Two debates, two visions

Warren, who has held her seat since 2012, is named a hardline on Wall Avenue and monetary reform.

Deaton, however, is thought within the crypto neighborhood as a staunch supporter of crypto rights.

Each candidates convey starkly totally different views, paving the way in which for heated debates on points essential to Massachusetts voters.

Along with the controversy itself, GBH Information will host a half-hour post-debate program with evaluation and suggestions from listeners.

Deaton claims that one in every of his prime priorities is to make sure that the US authorities doesn’t stifle innovation within the crypto sector.

He has repeatedly criticized the Securities and Trade Fee (SEC) for what he calls overreach in its enforcement actions towards crypto corporations like Ripple.

Warren’s crew, in the meantime, has mentioned she is going to proceed to push her message of monetary accountability and earnings inequality.

Her insurance policies are aimed toward giant corporations and rich people, who’ve been central to her political profession.

Deaton’s political journey

After his navy service, Deaton constructed a profitable profession as a trial lawyer. He turned standard in the course of the authorized battle between the SEC and Ripple, the place he represented the pursuits of XRP holders and fought towards what he noticed as unfair laws.

Deaton formally entered the race for the U.S. Senate earlier this yr and decisively received the Republican primaries.

On September 3, he acquired 64.1% of the vote, with a complete of 60,341 votes solid in his favor. His closest rival, Robert Antonellis, secured simply 26.6% of the vote, whereas Ian Cain secured 9.3%.

Deaton’s victory within the primaries got here with a robust marketing campaign based mostly on self-financing. He loaned $1 million to his marketing campaign and raised a complete of almost $1.8 million, far outpacing his Republican opponents.

By comparability, Antonellis spent solely $38,000, whereas Cain used about $370,000 on his marketing campaign. Deaton’s place on crypto regulation was central to his platform.

He argues that the federal authorities is overstepping its bounds relating to digital belongings and that crypto may present options to lots of the financial challenges low-income Individuals face.

He’s an outspoken critic of central financial institution digital currencies (CBDCs), which he sees as instruments of presidency surveillance and management.