Crypto News Today : Deaton Slams Warren, Crypto vs. Inflation Battle Heats Up!

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Ahead of the early November United States elections, incumbent Democratic Senator for Massachusetts Elizabeth Warren and her Republican challenger John Deaton, met in Boston for the first senatorial debate on Tuesday, October 15. The two candidates discussed for over an hour different issues ranging from crypto market regulations, housing inflation, abortion rights, and healthcare matters, among other topics.

As for Warren, she had the advantage of the fact that Massachusetts is heavily dominated by her political party, Democrats. Interestingly, the Polymarket poll on the Massachusetts senate election winner indicates that there is a 96.7 percent chance that the Democrats will win again.

However, Deaton remains focused and determined to dethrone Warren, especially for her role in demonizing the crypto industry. 

Moreover, Republican presidential candidate Donald Trump has vowed to protect the crypto space when elected from Sen. Warren and SEC Chair Gary Gensler.

Key Crypto Takeaways from the Warren vs Deaton’s Debate 

With Deaton coming from a crypto background, after representing more than 70k XRP holders in the Ripple vs SEC case, the crypto regulatory topic was bound to come up during the first debate. As a result, Senator Warren called Deaton out for his campaign being 90 percent funded by the crypto industry.

“If John Deaton goes to Washington, his crypto buddies are going to want a return on their investment,” Warren noted.

Warren indicated that she is pro-crypto, in the sense that the web3 space must be regulated to adhere to the set rules like other industries. However, Deaton called Warren out for her attempts to cripple the crypto space, despite her campaign being ironically funded by some crypto leaders led by Ripple’s co-founder Chris Larsen.

“I wish Senator Warren would attack inflation the way she attacks crypto,” Deaton noted.