John Deaton confirms debate date with Senator Elizabeth Warren

Pro-XRP lawyer John Deaton, the Republican Party candidate for the Massachusetts seat, has confirmed that he will challenge Democratic Senator Elizabeth Warren in a highly anticipated debate on October 15, 2024. It will be the first time the two candidates will go face-to-face to outline their views on financial regulation, cryptocurrencies and the role of government in the economy.

The debate also provides a perfect platform for the next political step, as Vice President Kamala Harris and former US President Donald Trump are also planning their next debate.

John Deaton confirms debate date with Senator Warren

Pro-XRP lawyer John Deaton, who recently won the Republican nomination in Massachusetts, confirmed the debate via X (formerly Twitter). Deaton has positioned himself as a staunch advocate for smart, tailored regulation of the cryptocurrency sector and has been a vocal critic of what he describes as Warren’s anti-crypto agenda.

He claims that Senator Warren works for big banks and her behavior is inconsistent with what she says.

🧨 🔥 ATTENTION: 🔥 🧨

OUR FIRST DEBATE WILL TAKE PLACE ON OCTOBER 15TH@SenWarren has effectively become the largest lobbyist for big banks in America.

Never pay attention to what professional politicians like @ewarren say – pay attention to what they do.

For example, she criticized banking… https://t.co/G6NAmSBt70 photo:twitter.com/oUqMtTSoOs

— John E. Deaton (@JohnEDeaton1) September 21, 2024

John Deaton noted that Warren has openly criticized bank CEOs while supporting bank bailouts during the Great Financial Crisis. He suggests that she is not acting out of a sense of responsibility, but rather as a political move. Deaton further explained that Warren’s policies are designed to protect the existing financial system from the cost of innovation in the cryptocurrency space.

Warren’s stance on cryptocurrency regulation under scrutiny

Senator Warren has been one of the most outspoken critics of the cryptocurrency industry, advocating for increased regulation of the digital asset space in the past. She recently alleged that some conservative organizations backed by the cryptocurrency industry are spreading lies to discredit her.

Warren also named the Winklevoss brothers, founders of the Gemini stock exchange, as supporters of these groups and said they oppose proper regulation that would protect consumers.

Nevertheless, John Deaton and other industry advocates have dismissed Senator Elizabeth Warren’s accusations, stating that she is simply going after investors and cryptocurrency companies while turning a blind eye to other related problems in regular banking. The Pro-XRP lawyer also argued that less than one percent of cryptocurrency transactions are linked to criminal activity, while it is estimated that several hundred billion dollars are laundered each year through mainstream banking systems.

The debate will focus on the responsibility of the cryptocurrency and financial sectors.

The upcoming debate will likely focus on issues of financial sector liability, cryptocurrencies, and government regulation.

John Deaton portrayed Warren as continuing a tradition of advancing the interests of big banks through legislation and working with financial industry lobbyists.

It also says Senator Elizabeth Warren’s proposed cryptocurrency regulations will stifle innovation and be harmful to American investors, and will not adequately punish big financial firms for their misconduct.