Crypto advocate John E. Deaton has challenged Senator Elizabeth Warren on her stance on "greedy corporations" and insurance companies. Deaton, a Republican candidate aiming to unseat Warren, responded to a social media post by the senator regarding price gouging by U.S. companies.
Deaton, who has fought corporations and insurance companies for over two decades, highlighted his past battles in response to Warren’s comments. He specifically pointed out her former client, Travelers Insurance.
Warren recently criticized large corporations for raising food prices while making enormous profits. She also endorsed Democratic presidential candidate Kamala Harris, who she claimed would combat price gouging.
Deaton reminded Warren of his long history of challenging corporations, including Travelers Insurance, which Warren’s firm had defended in a case involving cancer victims. He also suggested an open discussion with the senator.
Differing views on crypto
Deaton’s criticism of Warren is part of his campaign for the Massachusetts Senate seat. His pro-crypto stance contrasts sharply with Warren’s skepticism toward the industry.
Warren has voiced concerns about crypto, highlighting potential national security risks and predatory practices. She advocates for strict regulations to align crypto with traditional finance.
Deaton rose to prominence by opposing the U.S. Securities and Exchange Commission in its lawsuit against Ripple (XRP). He also founded CryptoLaw, which offers updates on digital asset regulations.
Despite his crypto advocacy, Deaton emphasizes that his campaign targets a broad range of issues, not just crypto. He looks to challenge Warren’s positions on multiple fronts.
Sen. Warren has not yet responded to Deaton. The crypto lawyer still needs to secure victory in the upcoming Republican primaries before facing Warren directly in the general election.
