Pro-crypto lawyer John Deaton takes on Senator Warren in showdown over corporate greed

Cryptocurrency advocate John E. Deaton challenged Senator Elizabeth Warren’s stance on “greedy corporations” and insurance companies.

Deaton, who aims to unseat Warren from the Republican Party in the elections to be held later this year, was responding to a post the incumbent senator made on the X website about US companies inflating their prices.

I have personally fought greedy corporations and insurance companies (including one of your former clients, Traveler’s Insurance) on behalf of working families in the Commonwealth for over two decades. I look forward to our discussion on this issue. See you soon… https://t.co/ll4kkRojNx

— John E Deaton (@JohnEDeaton1) August 26, 2024

Warren slammed how big corporations are raising food prices and making huge profits at the expense of struggling Americans in her post, as she rallied behind Democratic presidential candidate Kamala Harris, who she said would take tough action to combat price gouging.

Big corporations have raised food prices and reaped huge profits, while working Americans have been left to struggle.

Vice President @KamalaHarris It will chase corporate price increases and reduce prices.

— Elizabeth Warren (@ewarren) August 26, 2024

But Deaton took the opportunity to remind the senator that Warren has a 20-year history of taking on companies, including former clients.

The attorney was referring to Travelers Insurance, which Warren’s company defended in a case involving lung cancer and mesothelioma victims. He also said he was open to further discussions with Sen. Warren on the subject.

Different views on crypto

Deaton’s attack is the latest in his ongoing battle with Warren as he challenges the former law professor for the Massachusetts senator position. Their battle has garnered interest from the crypto community given their differing views on the industry.

While Deaton has been a strong supporter of crypto, Warren has been a harsh critic of the industry, expressing concerns about several aspects of crypto, including its potential as a national security risk and predatory practices among crypto companies. The senator has also consistently advocated for stricter regulations that would bring crypto into line with traditional finance.

Deaton rose to fame after taking on the lawsuit filed by the US Securities and Exchange Commission against Ripple (XRP).

Additionally, the prominent attorney founded CryptoLaw, a platform that provides crypto holders with insights and updates on digital asset regulation developments in the United States. The Senate candidate has been at odds with Sen. Warren and SEC Chairman Gary Gensler over their approach to the issue.

But the Detroit native, who is moving to Massachusetts in early 2024, says he’s not running on crypto despite being deeply involved in digital assets. Rather, he reiterated his desire to directly challenge Warren’s stance on a variety of issues.

At the time of going to press, Senator Warren had not responded to Denton. In order for the crypto lawyer to truly take on Warren, he must win the party primaries, which are set to take place in a little over a week.