In a heated Senate Debate on October 15, pro crypto candidate John Deaton clashed with Senator Elizabeth Warren over cryptocurrency regulation. Deaton highlighted his legal victory in the SEC vs. Ripple case, asserting that it protected small investors from government overreach. He also took a jab at Kamala Harris accepting $1 million XRP donation from Chris Larsen for her election campaigns.
JUST IN: 🇺🇸 JOHN DEATON EXPLAINS SEC vs. RIPPLE $XRP CASE DURING SENATE DEBATE!
During tonight’s debate between @JohnEDeaton1 and @SenWarren, he explained — “This token XRP was called legal because of my work”
Who do you believe won the debate tonight? 🤔đź’
Comment Below &… pic.twitter.com/J2JZSZONiR
— Good Morning Crypto (@AbsGMCrypto) October 16, 2024
Key Highlights from the Ripple vs. SEC Debate
Deaton, through the debate made sure people understand the importance of his legal efforts in establishing XRP’s status as a legitimate cryptocurrency, a point he argued is crucial for protecting small investors from potential government overreach. Deaton also calls out Warren as “one of the most extremist people in the Senate” and stated Warren’s push to ban crypto has led to industry support for pro-crypto candidate. He further added that he wishes she attacks inflation the way she attacks crypto.
On the other hand Senator Warren criticizes Deaton to be driven by financial interest rather than public interests. She further stated that he is being funded by his “crypto buddies” and therefore prioritizing profit over consumer protection.
“If John Deaton goes to Washington, his crypto buddies are going to want a return on their investment.”- Elizabeth Warren
In the debate Senator Warren was not very anti crypto as she usually is. In fact, she said “I am all for having crypto system as long as industry plays by the same rules as the banks and have some consumer protection in place”. Is she backtracking on her aggressive anti-crypto stance or has she realized the need for clarity for the industry?
John Deaton Slamming Kamala Harris
Adding an unexpected turn to the debate, Deaton pointed out the recent donation of $1 million XRP made to Vice President Kamala Harris by Ripple co-founder Chris Larsen for her campaign. He urged Harris to thank him for his work in the SEC vs. Ripple case. This highlights the intertwining of politics and cryptocurrency funding and this comment added a lighthearted moment to the heated discussion on cryptocurrency regulation, where Deaton defended his pro-crypto stance.
“Madam Vice President if you’re watching, you’re welcome.” – John Deaton
As both candidates gear up for the elections, their positions on cryptocurrency will undoubtedly play a significant role in shaping public opinion.
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Source: https://www.cryptonewsz.com/deaton-ripple-case-enabled-xrp-donation-harris/