Senator Elizabeth Warren has agreed to debate Republican candidate John Deaton before the November election while sharply criticizing the 'crypto billionaires' backing his campaign.
Campaign Criticism
'A small handful of crypto billionaires and corporate special interests poured more than $2 million into a super PAC to handpick their preferred Republican candidate,' said Warren’s campaign manager, Janice Rottenberg. 'Massachusetts voters have a clear choice that could determine control of the Senate.'
Request for Additional Debates
John Deaton, a pro-crypto lawyer, has called for five single-issue debates, highlighting the nation’s multiple crises. Despite this, Warren has agreed to only two debates, a decision Deaton argues is a 'disservice to voters.' The specific topics for the debates have not yet been finalized, leaving the role of crypto policy in the discussions uncertain. Potential topics for the proposed debates include immigration, the economy, income inequality, foreign wars, and women’s reproductive rights.
Crypto Policy Confrontation
The campaign has increasingly become a proxy battle over the future of cryptocurrency regulation, with Warren leading in both fundraising and polling, while Deaton draws support from major figures in the crypto industry. Warren’s campaign accuses these wealthy industry players of handpicking Deaton to serve their interests. Deaton has been a vocal supporter of Kraken and Ripple in their respective legal battles with the US Securities and Exchange Commission (SEC). Meanwhile, Senator Warren has established herself as an anti-crypto candidate and has introduced bills aimed at hindering the growth of the nascent digital asset sector in the US.
Deaton’s role in the crypto space has led to several big industry players backing him for Senate in an effort to influence crypto policy in the US. Among his biggest supporters are Ripple executives Chris Larsen and Brad Garlinghouse, Kraken co-founder Jesse Powell, as well as Gemini founders Cameron and Tyler Winklevoss.
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