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Home News Crypto

Coinbase CEO Backs Pro-XRP Lawyer John Deaton in Election Battle with Senator Elizabeth Warren

21 October 2024
in Crypto, News, People
Reading Time: 4 mins read
103 7
source: finance.yahoo.com

source: finance.yahoo.com

John Deaton, a popular pro-XRP lawyer and Republican candidate from Massachusetts, continues to gain momentum in his campaign against Senator Elizabeth Warren.

Brian Armstrong, co-founder and CEO of Coinbase, is the latest high-profile figure to voice his support for Deaton while strongly criticizing Senator Warren for her stance on the cryptocurrency industry.

In a post on the X platform on October 21, Armstrong urged Massachusetts residents to vote for Deaton, highlighting the XRP lawyer’s contributions to crypto freedom.

Agreed – Massachusetts residents should vote for @JohnEDeaton1

Crypto holders in MA should realize @SenWarren is the one who got Gary Gensler his job and encouraged him to (unlawfully) try and kill the crypto industry in America. Luckily they did not succeed as we and others… https://t.co/uLcBzIXyTV

— Brian Armstrong (@brian_armstrong) October 21, 2024

Armstrong also lashed out at Senator Warren, accusing her of supporting actions that have undermined the crypto industry, specifically pointing to her role in the appointment of Gary Gensler as chair of the U.S. SEC. He described the senator as “anti-freedom,” suggesting that she favours a government-controlled financial system and has actively worked to stifle the growth of the crypto sector. 

He also criticized her policies, noting that despite her efforts, the industry has continued to thrive due to resistance from pro-crypto advocates.

“Luckily, they did not succeed as we and others fought back,”

Armstrong wrote.

Armstrong’s comments came in response to anonymous crypto lawyer MetaLawMan endorsement of Deaton.

“If you live in Massachusetts, you should vote for John Deaton,”

MetaLawMan wrote in their X post. They claimed Deaton had done more for crypto freedom than any other candidate and accused Warren of advocating for “debanking” individuals who make investment choices she disagrees with.

Senator Warren has been vocal in her opposition to the cryptocurrency industry. She recently voiced concerns about the national security risks posed by foreign-owned crypto mining operations in the U.S. 

During a Senate Committee hearing on July 25, Warren highlighted the environmental damage and security threats linked to these foreign entities. Her warnings emphasize the growing tension between the U.S. government and the expanding presence of cryptocurrency-related businesses, adding another layer to the ongoing debate surrounding digital assets.

Prominent crypto figures, including the Winklevoss twins, have contributed over $1 million to political campaigns aimed at unseating Warren. In response, the Senator has defended her position, arguing that her push for regulation is intended to protect working people.

“They’re upset because I have called for fair regulations around the industry,”

Warren said last month.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

 

Tags: CoinbaseUS ElectionsXRP
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