John Deaton, a prominent advocate for the cryptocurrency industry, is contemplating a challenge against Elizabeth Warren, a leading critic of crypto, for her seat in the US Senate. The election is scheduled for November 2024.
According to a report from the Boston Globe on February 14, an insider from the Republican Party revealed that Deaton is seriously considering running in the upcoming Senate election in Massachusetts, where Warren has been serving since her initial election in 2013.
Jim Conroy, a former advisor to Massachusetts’ 72nd governor, Charles Baker, disclosed that he has been advising Deaton and that a decision regarding the Senate race will be made in the coming days.
Deaton is a well-known figure in the US crypto community and has extensive experience advocating for individuals affected by mesothelioma and asbestos-related diseases. In 2021, he filed an amicus brief on behalf of over 6,000 XRP holders in a lawsuit involving the US Securities and Exchange Commission (SEC) and Ripple Labs.
Since then, Deaton has been a vocal critic of the SEC, its Chair Gary Gensler, and Warren, whose tough stance on crypto has made her a target for industry advocates. Deaton recently took to the social media platform X to accuse Warren of “gaslighting the American public.”
Warren was elected to the Senate in 2012, defeating incumbent Senator Scott Brown with 53.7% of the vote. In 2018, she defeated former state representative Geoff Diehl with 60% of the vote. However, polls conducted in 2023 indicated that only 41% of Massachusetts residents viewed her candidacy favorably.
The Boston Globe suggests that Deaton’s candidacy may not only aim to directly defeat Warren in Massachusetts but also to engage her in a competitive race and hinder her ability to raise funds for other candidates and causes.
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