Elon Musk agrees with the proposal of Coinbase CEO, Brian Armstrong, to remove Elizabeth Warren. For both, the current senator from Massachusetts should be replaced by the pro-crypto candidate John Deaton.
Elon Musk and the CEO of Coinbase discourage Elizabeth Warren’s candidacy in Massachusetts
The current senator from Massachusetts (USA), Elizabeth Warren, is facing an election campaign against her.
In the crypto sector, especially, Warren would be the one who got Gary Gensler hired, the Chairman of the Securities and Exchange Commission (SEC), who has hindered the entire crypto industry.
Both Elon Musk and the CEO of Coinbase, Brian Armstrong, seem to agree on wanting to replace her with the pro-crypto candidate John Deaton. Here’s how they expressed themselves on X:
— Elon Musk (@elonmusk) October 21, 2024
“If
I agree: residents of Massachusetts should vote for @JohnEDeaton1. Cryptocurrency holders in MA should realize @SenWarren is the one who had Gary Gensler hired and encouraged him to try to (illegally) kill the cryptocurrency industry in America. Fortunately, they did not succeed, because we and others opposed it. She is against freedom, thinks the government should manage all financial services (like China), and has done enormous damage to this country.
If you live in Massachusetts, you should vote for @JohnEDeaton1. Deaton has done more for the freedom of cryptocurrencies than all other candidates combined. His opponent @SenWarren (founder of the anti-crypto Army) believes you should be skinned if you make investment choices she disapproves of.”
In practice, while Musk only shared the thoughts by adding a “Yes” of approval, Armstrong described Warren’s role as counterproductive for the bull sector of cryptocurrencies.
Not only that, the CEO of Coinbase emphasized that the current senator Warren is against freedom and that, as happens in China, she believes that the government should manage all the financial services of the country.
Elon Musk and Armstrong of Coinbase: John Deaton to dethrone Elizabeth Warren
With this post on X, both Musk and Armstrong have joined the growing list of influential people supporting the pro-crypto voice John Deaton as Warren’s successor.
In fact, more than a successor, John Deaton is gaining more and more support in the attempt to dethrone Elizabeth Warren.
John Deaton is the crypto lawyer who rose to prominence for providing information on the case between Ripple and the SEC. Essentially, Deaton is a staunch supporter of cryptocurrencies who has undertaken legal initiatives to successfully challenge the classification of XRP as a security, as the SEC claimed.
In fact, last year, Deaton reiterated that Gensler’s SEC was wrong, given that XRP does not meet the requirements of the Howey test and therefore is not a security.
His legal battle then culminated in the final victory, with the final ruling by Judge Annalisa Torres in July 2023, who declared that XRP is not a security.
His decision to enter politics came in February 2024, when he criticized Gensler in a tweet for his regulatory approach, accusing him of conducting a “propaganda war” against the sector.
The elections for the USA Presidency: Trump pro-crypto in the lead
As the elections for the USA Presidency are increasingly approaching, it is already possible to say that the crypto sector has become a more discussed topic in this electoral campaign than it has ever been in the past.
Among the two candidates, Donald Trump has defined himself as the future pro-crypto President.
Not only that, even just to look at the polls on the elections, the platforms of Polymarket, Kalshi, and other prediction markets are considered, rather than the traditional platforms dedicated to political polls.
At the moment, on the prediction markets, Donald Trump is ahead of Kamala Harris.
On Polymarket, Trump is ahead with a 63% prediction of winning, against Harris’s 36%. On Kalshi, however, Trump is ahead with 60% vs. Harris’s 40%.