Senator to Debate Critic of 'Crypto Billionaires

September 05, 2024 08:37 PM AEST | By Team Kalkine Media
 Senator to Debate Critic of 'Crypto Billionaires
Image source: Shutterstock

Massachusetts Senator Elizabeth Warren and Republican candidate John Deaton are scheduled to face off in two debates this October, ahead of the November election for a U.S. Senate seat. The format and agenda of these debates remain uncertain, particularly regarding whether cryptocurrency issues will be addressed.

Following Deaton’s victory in the Republican primary on September 3, he challenged Warren to five single-issue debates focused on immigration, the economy, income inequality, women’s reproductive rights, and foreign conflicts. Deaton criticized the plan for only two debates, arguing that it would inadequately cover the range of critical issues facing the country.

Deaton, a lawyer known for his support of Ripple and other cryptocurrency firms involved in legal disputes with the U.S. Securities and Exchange Commission (SEC), has garnered backing from notable figures in the crypto industry, including Gemini co-founders Cameron and Tyler Winklevoss, and the Commonwealth Unity Fund political action committee (PAC). Despite Warren’s campaign outpacing Deaton’s in fundraising and showing stronger support in polls, the Senate race is being framed by some as a contest between pro- and anti-crypto positions.

Warren’s campaign manager, Janice Rottenberg, highlighted the influence of significant crypto interests in supporting Deaton, stating, “A small handful of {crypto} billionaires and corporate special interests poured substantial resources into a super PAC to influence the selection of their preferred Republican candidate, presenting Massachusetts voters with a decisive choice that could impact Senate control.”

The senator's campaign confirmed that Warren has agreed to two debates addressing issues such as abortion rights, the Supreme Court, Medicare and Social Security funding, but did not specify whether cryptocurrency would be included in the discussions. As of now, there is no confirmation on whether cryptocurrency will feature prominently in the debates.

Senator Warren, who has been a vocal critic of digital assets and has introduced legislation like the Digital Asset Anti-Money Laundering Act, may face scrutiny over her positions during the debates. The upcoming debates are expected to provide insight into how each candidate addresses key issues, including the role of digital assets in the broader policy landscape.


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