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Заголовок Warren Vs. Deaton: Crypto Debate Raises Questions About Warren’s Hostile Stance
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Warren Vs. Deaton: Crypto Debate Raises Questions About Warren’s Hostile Stance

Warren Vs. Deaton: Crypto Debate Raises Questions About Warren’s Hostile
Stance

by Rubmar Garcia

3 mins ago

in Crypto News

0

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Elizabeth Warren’s crypto stance has been questioned after the
debate against Pro-XRP Lawyer John Deaton. The Senator’s seemingly less
aggressive comments depart from her repeatedly hostile approach to the sector,
surprising the community.

Related Reading: Kamala Harris• Объект человек » Персоналии по алфавиту » Персоналии на Ха » Харрис, Камала Vows To Support Crypto In New Proposal To Win
Black Male Voters

Massachusetts Senate Debate Heats Up

Democratic Senator Elizabeth Warren, known in the industry for her strong
anti-crypto stance, surprised the community with her most recent comments
during the Massachusetts Senate debate against Lawyer John Deaton.

The candidates for the Massachusetts Senate seats have very different
approaches, as the debate hosts pointed out. Senator Warren has previously
vowed to buildan anti-crypto army” and has called the industry a “threat to
financial stability.” Meanwhile, Deaton, pro-crypto, has often criticized
Warren and the Federal authorities’ “overly aggressive regulation” of the
sector.

During the debate, Senator Warren repeatedly stated that she was open to
digital assets if the industry followed the same rules as the other financial
institutions, seemingly departing from her previous hostile comments.

I’m all for having a crypto system if people want to buy and sell crypto. All
I want is some basic fair rules, the same kind of fair rules that should apply
to all of our financial institutions.

However, Deaton noted that “the rules are already there” and questioned the
motives behind the Democratic Senator’s decision to build an anti-industry
army “with all that’s going on.”

Additionally, the pro-XRP Lawyer suggested that Warren’s policies don’t favor
the working class, stating that they “hurt poor peopleinstead. Deaton also
said he wishes Senator Warren “attacked” inflation and border security “the
way she attacks, and it’s focused on crypto.”

The Democratic Senator argued that if Deaton goes to Washington, he will fight
for the sector as his “crypto buddies are going to want a return on their
investment,” noting that industry figures have donated to the lawyer’s
campaign to win the Senate seat.

Nonetheless, Kamala Harris• Объект человек » Персоналии по алфавиту » Персоналии на Ха » Харрис, Камала’ presidential campaign has also received
contributions in cryptocurrencies. As reported by Bitcoinist, the US Vice
President
and Democratic nominee recently got her first documented donation in
digital assets after Ripple’s co-founder sent $1 million worth of XRP to the
Political Action Committee (PAC).

Is Senator Warren “All In For Crypto”?

The community reacted to the debate and questioned the reason behind Warren’s
less aggressive wording. Fox Business• Экономика » Бизнес journalist Eleanor Terrett wondered if
the Democratic Senator was backtracking on her anti-industry stance as her
comments weren’t as hostile as usual.

However, Galaxy’s Head of Research, Alex Thorn, refuted this hypothesis. In an
X post, Thorn pointed out that Warren’s comments were consistent with her
previous stances, nothing that her wording implied the same approach to the
sector:

No, Warren’s being consistent. May seem reasonable when she says, “same rules
as the banks.” But she means applying BSA compliance to non-custodial entities
like wallets, software devs, smart contracts, miners, and validators, which is
effectively a ban on blockchain networks themselves.

Similarly, investors also expressed their discontent with the Senator’s
comments. Scott Melker, the host of The Wolf Of All Streets podcast, called
Warren a “bold-faced liar,” noting that she attacked Deaton for holding
digital assets while “entirely lying about her past comments on crypto.
Astounding lies.”

Ultimately, it seems like the community deemed Senator Warren’s statement a
trojan horseinstead of an honest effort to soften her stance and work with
the industry.

Related Reading: Kenya’s Revenue Authority To Track Crypto Transactions With
Real-Time Tax System

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