Crypto lawyer considers contesting Warren
John Deaton, a former Marine, established his own legal practice to advocate for individuals affected by asbestos exposure.
Elizabeth Warren has emerged as a leading critic of the cryptocurrency industry in Congress, advocating for stringent regulations through her role on the Banking Committee.
In Boston, a notable cryptocurrency lawyer is considering running against Senator Elizabeth Warren, known for her critical stance on digital assets, as per two Massachusetts Republicans familiar with the situation.
John Deaton, under the consultation of Jim Conroy, a political advisor to former Massachusetts Republican Governor Charlie Baker, is seriously contemplating a Republican candidacy against Warren, who is seeking reelection for a third term. While Deaton would be a significant contender, Warren, with considerable popularity and substantial campaign funds, remains a formidable opponent.
Despite Warren's spokesperson affirming her commitment to serving Massachusetts, Deaton is contemplating entering the race amid a heightened effort by the cryptocurrency industry to influence the 2024 elections. A super PAC supported by the industry recently made headlines with a significant ad buy targeting a Democrat aligned with Warren. Additionally, a pro-crypto Republican is challenging Senate Banking Chair Sherrod Brown in Ohio, a race closely watched for its potential impact on the Senate's balance of power.
Warren has established herself as a leading skeptic of cryptocurrencies in Congress, advocating for legislation to regulate the industry and highlighting concerns about fraud in crypto markets. Deaton has publicly disagreed with Warren's views on crypto, including through social media platforms, and has a track record of legal advocacy beyond cryptocurrency, including representing asbestos victims.
Deaton's background extends beyond his involvement in crypto matters. A former U.S. Marine from a disadvantaged neighborhood in Detroit, Deaton overcame significant challenges to pursue a career in law, eventually founding his own firm. He is also a cancer survivor and the author of a book chronicling his life experiences titled "Food Stamp Warrior."
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