The state of Massachusetts has proven itself reliably blue over the past several decades.
But that’s not stopping Republican hopeful John Deaton from trying to oust Senator Elizabeth Warren (D-MA).
And during last week’s debate, Deaton left Warren shaking as he dug in on his opponent’s Achilles heel.
Crypto leader suggests Trump’s new position will help him win
In September, Donald Trump made a move that caught mainstream politicos off-guard.
During a time of rampant inflation and stagnant wages, a growing skepticism is targeting the Federal Reserve for their failure to fulfill their economic mandates.
Libertarian leaning voters have been expressing concerns that the economic climate is setting central banks up to deploy their own cryptocurrency.
Many believe that the only chance at stopping a programmable central currency is Bitcoin.
Now, Trump is accepting bitcoin donations to his campaign and pledging to establish a “strategic national bitcoin stockpile.”
The focus on decentralization often pits Bitcoin enthusiasts against politicians and government, but this move led industry leaders to throw their weight behind Trump.
According to The Wall Street Journal, CEO of the Satoshi Action Fund, Dennis Porter says that the move will lead to a political surge for the Republican candidate.
“This is an industry full of voters who are getting wealthier and more influential, and now there’s someone who wants to be a voice for them,” Porter says.
“They’re going to give him votes, and they’re going to give him money,” he added.
Now, another Republican candidate is ready to take a stand for crypto holders.
Elizabeth Warren challenger zeroes in on cryptocurrency
During the Massachusetts Senatorial debate last week, Republican hopeful John Deaton took Democrat Senator Elizabeth Warren to task, and he zeroed in on cryptocurrencies.
Warren has long claimed to be an opponent of big banks and their middlemen.
But during the exchange with Deaton, Warren was left looking like a shill for Wall Street.
Deaton focused on the reality that many Americans face when dealing with big banks and remembered his own mother’s issues with the financial industry.
“When Bitcoin came, I was like, ‘Great! Cut out the predatory banks and the middlemen. . .and you could help unbanked people like my mom,’” Deaton said.
Deaton accused Warren of building an “anti-crypto army” to stop bitcoin in its tracks and further strengthen the big banks’ grips on average Americans.
Warren deflected, refusing to respond to the accusation, and said that Deaton would only fight for crypto in D.C..
“If John Deaton has a chance to go to Washington, his crypto buddies are gonna want a return on their investment. He’s gonna be there to fight for crypto,” she said.
Then Deaton fully exposed Warren’s hypocritical stance on big banks.
Deaton: Warren is trying to ban the entire cryptocurrency industry
After hitting on Warren’s “anti-crypto army,” Deaton moved onto her Digital Asset Anti-Money Laundering Act that she proposed in 2022.
Specifically, the bill’s provision that would require crypto institutions to track transactions by eliminating self-custody of cryptocurrency.
“Her bill bans Bitcoin self-custody in America, yet she’s allowing the banks to custody Bitcoin—another example that Senator Warren’s policies do not help people,” he said.
“They do not help the working class. She favors the accredited investor rule,” he added.
Then Deaton went in for the kill by attacking Warren over her silence regarding JPMorgan Chase’s $290 million settlement paid out to the victims of Jeffrey Epstein.
But Warren avoided that topic by bringing the conversation back to Deaton’s crypto industry backers.
“I can’t help it when she goes into banning an entire industry, that they’re motivated against her because they see a viable candidate,” he said.
Deaton slammed her for ignoring real world victims of the big banks that she supposedly fights back against.
Elizabeth Warren vs John Deaton
HEATED debate on bitcoin and #crypto. 👇 pic.twitter.com/j22bOvNbJJ
— Altcoin Daily (@AltcoinDailyio) October 16, 2024
Deaton’s stance on crypto seemed to have a major impact against Warren following the debate.
For the first time in months, Polymarket showed the probability of Warren’s reelection drop from 97 percent to 53 percent.
Looks like @SenWarren just dropped like a rock after the debate on @Polymarket Last night she was at 97%. @JohnEDeaton1 @DeatonforSenate beat her like a corrupt drum! pic.twitter.com/EKmosuja6H
— Digital Asset Investor (@digitalassetbuy) October 16, 2024
This could be a major upset for Democrats that have dominated Massachusetts for decades.
