Professional-crypto lawyer John Deaton formally launched his bid in opposition to Senator Elizabeth Warren for the Massachusetts Senate seat.
A web site selling his marketing campaign went stay over the weekend. Deaton will run as a Republican in opposition to Warren. He additionally launched a Fb web page for his marketing campaign, alleging that Warren “will get nothing accomplished” for Massachusetts.
Deaton, who based and hosts CryptoLaw US, is a recognized pro-Ripple lawyer. CryptoLaw’s web site consists of weblog posts and a information library centered on authorized and regulatory updates in crypto.
He publicly referred to as out Warren and Gary Gensler’s Securities and Trade Fee for his or her remedy of the crypto trade, whereas additionally weighing in on the SEC’s circumstances in opposition to Ripple, Binance and Coinbase.
Learn extra: Professional-crypto lawyer considers Senate bid in opposition to Elizabeth Warren
Deaton filed a movement in 2021 to intervene on behalf of 1000’s of XRP holders within the SEC’s case in opposition to Ripple, arguing that their pursuits weren’t being represented within the case. Deaton additionally owned XRP.
Deaton teased a possible senate bid again in December when he requested his 300,000 X followers if he should purchase a house in Massachusetts and run for senate.
“I’m not suggesting I might win, however how I might like to confront her,” he added on the time.
Warren is a vocal critic of crypto, beforehand claiming that crypto is extensively utilized by terrorist organizations within the Center East for funding. The declare has since been debunked by each blockchain analytics supplier Elliptic and, simply final week, the Treasury Division itself.
She additionally referred to as out the SEC for approving a slew of spot bitcoin ETFs in January. She stated that the regulatory company was “mistaken on the regulation and mistaken on the coverage.”
Warren’s at present pushing to tighten anti-money laundering guidelines regarding crypto. She reintroduced her Digital Asset Anti-Cash Laundering Invoice in October. 19 Senators help the invoice, although it’s additionally confronted criticism for probably stifling innovation within the trade.
Deaton instructed the Boston Globe that, regardless of his crypto previous, he’s “not operating on crypto.”