Sen. Warren calls out Deaton’s ‘pro-bono work for crypto’ in 2nd debate

As a seasoned political analyst with over two decades of experience under my belt, I’ve witnessed countless debates that have shaped the course of our nation. The recent debate between Massachusetts Senator Elizabeth Warren and lawyer John Deaton was no exception, and it has left me with a few insights to share.


In a second and last debate, Massachusetts Senator Elizabeth Warren squared off with attorney John Deaton. The focus of their discussion was policy matters ahead of the November election. Notably, Senator Warren criticized Deaton’s connections within the cryptocurrency sector, seemingly aiming to win support from the electorate.

During a live debate broadcast by New England Public Media and GBH News on October 17th, Senator Warren emphasized her previous statements linking cryptocurrency transactions to “drug trafficking organizations” and “terrorist groups.” She advocated for regulations in the industry to ensure safety. The two contenders had contrasting accusations about corruption; Senator Warren accused Deaton of being biased towards crypto supporters.

According to Senator Warren, “Mr. Deaton’s fortune is largely invested in cryptocurrency (80%), the majority of his financial support for this campaign originates from cryptocurrency (90%), and he fully intends to champion cryptocurrency in Washington (100%). She implied that this situation may indicate corruption.

Sen. Warren calls out Deaton’s ‘pro-bono work for crypto’ in 2nd debate

Deaton accused Senator Warren of having close ties with Gary Gensler, suggesting she had helped him by providing answers to the SEC Chair during a Senate Banking Committee hearing. In response, Senator Warren referenced some of Deaton’s legal work on behalf of XRP holders.

“He did pro-bono work for crypto? Are you kidding me that that counts as a charitable contribution?”

A referendum on crypto policy?

For Massachusetts voters, the recent debate marked the second and probably the last one before they start casting their votes during early voting, beginning October 19th. During the initial debate, Deaton alleged that Senator Warren placed more emphasis on assembling an “anti-crypto group” than addressing concerns such as immigration and inflation.

In October, multiple surveys indicated that Senator Warren was approximately 20 points ahead of Deaton prior to the election. Throughout her tenure in office, Senator Warren from Massachusetts has been a vocal critic of cryptocurrencies within Congress, frequently linking digital assets with illegal activities such as terrorism financing and drug trafficking.

As a researcher delving into the intricacies of the crypto sphere, I’ve noticed that Deaton enjoys substantial backing from key figures within this dynamic industry. Notably, influential players such as the contributors to the Commonwealth Unity Fund political action committee have extended their support to him. Remarkably, the esteemed Winklevoss brothers, Cameron and Tyler, each contributed $6,600 directly to the Republican candidate’s campaign.

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2024-10-18 19:51