The cryptocurrency community is abuzz with surprising political statements from Elon Musk and Brian Armstrong, who have backed John Deaton in his race for a Senate seat against Elizabeth Warren.

Political Support for John Deaton

Elon Musk and Coinbase CEO Brian Armstrong have expressed support for John Deaton, who is contending for a Senate seat from Massachusetts, against Elizabeth Warren. Armstrong urged Massachusetts residents to vote for Republican Deaton in a post on platform X, with Musk concurring in response.

Criticism of Elizabeth Warren

Brian Armstrong accused Elizabeth Warren of being responsible for appointing Gary Gensler as SEC Chair, which he claims negatively impacted the crypto industry. Armstrong further criticized Warren for her perceived stance on increasing control over financial services and the harm she caused to the nation.

Elon Musk's Support for Donald Trump

Elon Musk has also openly supported former US President Donald Trump at one of his rallies, claiming that Democrats aim to strip American citizens of their freedom of speech and the right to bear arms. Following Musk's announcement, Trump’s odds of winning significantly increased on the Polymarket platform.

Elon Musk and Brian Armstrong are actively participating in political debates in the US, supporting John Deaton and former President Donald Trump in their efforts to change laws and approaches regarding cryptocurrencies and free speech.