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Stand with Crypto PAC endorses Warren rival John Deaton amid bipartisan support

Stand with Crypto PAC endorses Warren rival John Deaton amid bipartisan support
© Copyright Image: CryptoSlate

John Deaton has received an official endorsement from the Stand with Crypto PAC in his bid to challenge Senator Elizabeth Warren for her US Senate seat, amid a wave of broader endorsements.

In total, Stand with Crypto has endorsed 20 Republicans and 19 Democrats, highlighting the bipartisan support for Bitcoin and crypto among mostly younger US politicians. The majority of politicians listed as anti-crypto on the Stand with Crypto website are over the age of 70, including Elizabeth Warren (75.)

Further, while more Republicans have a pro-crypto stance than Democrats, only 41 US politicians are firmly against crypto as the divide lessens.

NamePartyPositionState/DistrictStatementsCrypto Letter Grade
Tom Emmer Jr.RRepMN 6336A
Yadira CaraveoDRepCO 817A
Shomari FiguresDPolitical FigureAL 23A
Lori Chavez-DeRemerRRepOR 55A
Marc MolinaroRRepNY 195A
Marsha BlackburnRSenatorTN5A
Mike LawlerRRepNY 177A
Pat RyanDRepNY 183A
Rick ScottRSenatorFL5A
Ritchie TorresDRepNY 1529A
Ro KhannaDRepCA 1710A
Sarah McBrideDPolitical FigureDE At-Large2A
Kirsten GillibrandDSenatorNY18A
Steven HorsfordDRepNV 45A
Suhas SubramanyamDPolitical FigureVA 103A
Ted CruzRSenatorTX57A
Timothy KennedyDRepNY 263A
Troy DowningRPolitical FigureMT 210A
Young KimRRepCA 409A
Zach NunnRRepIA 315A
Jake AuchinclossDRepMA 416A
Brian JackRPolitical FigureGA 32A
Brittany PettersenDRepCO 75A
Byron DonaldsRRepFL 1918A
Dan GoldmanDRepNY 106A
Darren SotoDRepFL 923A
David SchweikertRRepAZ 14A
Don DavisDRepNC 15A
French HillRRepAR 279A
Andy BarrRRepKY 614A
Anthony DEspositoRRepNY 45A
Jared MoskowitzDRepFL 233A
Jasmine CrockettDRepTX 306A
Jim BanksRRepIN 32A
Jim CostaDRepCA 213A
Jim JusticeRPolitical FigureWV2A
John RoseRRepTN 624A
John DeatonRPolitical FigureMA6A
Josh GottheimerDRepNJ 539A

Stand with Crypto endorsements.

Deaton, a trial attorney, and U.S. Marine veteran has positioned himself as a strong advocate for the crypto industry. He launched the CryptoLaw platform in 2021 to provide information and analysis on legal and regulatory developments affecting digital assets in the United States.

The candidate has made several pro-crypto statements, arguing that blockchain technology offers transparency and traceability that could benefit law enforcement. The NSA, the FBI, the CIA, have all come out and said they hope that criminals use Bitcoin. Its an open, distributed ledger. You can trace every single transaction, Deaton stated in an interview.

In contrast, Senator Warren has taken a more critical stance on cryptocurrencies. At a Senate Armed Services Committee hearing, Warren highlighted national security concerns related to crypto, stating, Anything Congress does to legitimize and grow the crypto market must have strong protections so we do not increase money-making opportunities for Iran and other adversaries.

The Stand with Crypto PACs support for Deaton aligns with its mission to back pro-crypto candidates across the political spectrum. The organization has endorsed several other candidates for the 2024 elections, including both Republicans and Democrats.

Warrens anti-crypto agenda and her promise to rally an anti-crypto army and propose bills to control cryptocurrencies have made her a focal point for those supporting more favorable regulations for the industry.

Deaton has been vocal about what he perceives as regulatory overreach in the crypto space. He recently claimed that the Securities and Exchange Commissions actions against the crypto industry have cost small investors $15 billion in losses.

The Massachusetts Senate race is shaping up to be a significant battleground for crypto policy, with Deaton and Warren representing starkly different approaches to regulating and adopting digital assets.

The post Stand with Crypto PAC endorses Warren rival John Deaton amid bipartisan support appeared first on CryptoSlate.

Read more: https://cryptoslate.com/stand-with-crypto-pac-endorses-warren-rival-john-deaton-amid-bipartisan-support/

Text source: CryptoSlate

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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