The Massachusetts race for the U.S. Senate becomes a battleground for pro-crypto and anti-crypto politicians as Senator Elizabeth Warren faces newcomer attorney John Deaton.
If you’re looking for a “Pro- Crypto ” vs. “Anti- Crypto ” political showdown, good luck finding a juicier battle than the Massachusetts race for the U.S. Senate .
This is why Deaton calls himself the pro-freedom candidate. In perhaps a sneak preview of what he’ll share onstage at Consensus 2024, Deaton explains the crypto regulation he’d support if elected to the Senate, he articulates why he believes in crypto , and why if he was in charge of the Senate Banking Committee, he’d have “a lot of fun” asking questions of SEC Chair Gary Gensler.
And I favor regulation that makes it clear that if you give entrepreneurs real guidance, they can meet it. I think that regulatory clarity is the final step to really fulfilling this innovation and seeing it grow. To make it clear what constitutes a security. And then you could classify them sort of like the United Kingdom did, where it says, “We have security tokens, we have utility tokens, we have exchange tokens,” and then there's always a hybrid of one in between.
At yesterday’s hearing, she was asking the deputy treasurer questions about if a validator is in Iran, somehow that means Iran is making millions of dollars. Now, you and I and everybody reading this knows that a validator could be anywhere. It could be in Iran, it could be anywhere else in the world. That's what's a decentralized distributed ledger system is. But a validator doesn't get cash.
They get to see where you spend your money, how you spend your money. It really would turn America into potentially a surveillance state. And that’s extremely dangerous. So I think she’s getting it wrong on multiple levels, but I also believe there's an agenda here. Her anti-crypto bill was written by the bankers. Right? This is a proven fact, not opinion. The Banking Institute Policy wrote her anti-crypto bill. We know that for a fact.
Massachusetts U.S. Senate Crypto Elizabeth Warren John Deaton Politics
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