A popular crypto lawyer is out to give Senator Elizabeth Warren some good thrashing on the online domain. John Deaton is one of the lawyers that supported Ripple’s defense against SEC’s case. Ripple won the case.
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Now, Deaton has decided to breach his silence on the matter concerning Senator Elizabeth Warren’s apparent hatred for the crypto industry. Senator Warren has been known to champion the widespread witch-hunt against crypto entities alongside SEC Chairman Gary Gensler.
US Senate Wants Bitcoin And Crypto Banned
According to an X post by Deaton, about 20% of the members of the US Senator have subscribed to Senator Warren’s narrative that seeks to use the government machinery to dismantle the crypto and Bitcoin industry in the United States.
Deaton goes on to claim that Warren is using the popularity of the election period and her re-election bid to try and steer the crypto narrative in order to achieve her goals. As mentioned, she seems to have managed to onboard a few of her colleagues in the Senate onto this path.
The crypto industry, especially the Bitcoin industry, has grown in bounds over the years and has been known as the ultimate channel for people to enjoy true freedom. By attacking and seeking the end of this channel, Senator Warren comes off as a credible threat to freedom. Crypto lawyer John Deaton is not afraid to say it as it is.
Crypto Lawyer Deaton: This Could Be A Trap
In a separate comment, John Deaton intimated that, while the current bill pushed by Warren has little chance of passing the floor, it could be the precursor to the next anti-crypto bill. This is especially if the Democrats will the White House and get majority members in Senate and Congress in the coming elections. If that happens, Deaton sees the bill getting back on the House floor again in 2025.
Interestingly, this is happening at a time when the crypto and Bitcoin market is mounting a bull run and the ETF buzz is getting louder. From a critical point of view, Senator Elizabeth Warren can be compared to people like Peter Schiff who have been bashing Bitcoin with zero results.
Why Does Senator Warren Seem To Wield So Much Power?
The crypto lawyer was evidently reacting to a previous X post by Ryan Selkis, founder and CEO of Messari Crypto – a crypto-focused research and analytics firm. Ryan acknowledged Senator Elizabeth Warren’s ability to use her political capital to hurt the crypto and Bitcoin industry in the US.
Now the question is, why does this particular Senator have so much sway? Why are other Senators not faulting her potentially destructive behavior? One Bitcoin fan wanted to know why the 80% who don’t follow her route aren’t asking questions.
