John Deaton, a lawyer who is a strong advocate for cryptocurrencies and is challenging Senator Elizabeth Warren in the upcoming election, has publicly challenged her position on price gouging by large corporations.
Deaton, on Monday, took to X (formerly Twitter) to highlight what he sees as hypocrisy in Warren’s campaign against corporate greed. He pointed out that he has a long history of fighting against such practices, including representing working families in legal battles against major insurance companies, including one that Warren herself previously defended. He even offered to have a one-on-one conversation with Vice President Kamala Harris about this issue.
Deaton specifically mentioned Warren’s legal defense of Travelers Insurance in a case concerning damages sought by asbestos victims that reached the Supreme Court.
This challenge comes as Deaton continues his campaign against Warren. He has positioned himself as a strong supporter of cryptocurrencies, gaining recognition in the crypto community for his legal representation of Ripple Labs in its ongoing dispute with the Securities and Exchange Commission (SEC). Deaton has also received significant support from figures in the crypto industry, including the Winklevoss twins, who donated $1 million in Bitcoin to his campaign.
Deaton’s commitment to cryptocurrency is evident in his personal investment strategy. He holds around 80% of his net worth in Bitcoin and Bitcoin-related investments, potentially making him the largest holder of the cryptocurrency among all current elected officials and candidates in this year’s election.
