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Crypto Lawyer John Deaton To Unseat Elizabeth Warren In Senate Race?

The only thing Elizabeth Warren hates more than Banks and Bankers and Rich People is Crypto.

Although deep down it seems as though she secretly always seems to work FOR the bankers when push comes to shove, despite barking up a storm.

But one thing is certain: she’s been a mainstay in the Senate since 2013.  Funny, it feels like much longer.

Could that run soon be coming to an end?

Maybe so.

Allow me to introduce you to John Deaton (@JohnEDeaton1 on Twitter).

Deaton is an attorney who rose to fame within the Crypto community when he started commenting on the SEC’s lawsuit against Ripple.  He then filed a Class Action lawsuit on behalf of all XRP holders against the SEC.

Many credit Deaton’s efforts with Ripple’s successful (and nearly unprecedented) victory in the case.

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Since then, he’s appeared as a regular contributor with Charles Payne on Fox Business and he’s very active on Twitter.  Not to mention continuing to run a successful law practice.

But his latest target just might be his best on yet….dethroning Elizabeth Warren.

First he beat her buddy Gary Gensler (SEC Chair) and now he may be targeting Warren herself, at least according to recent reports.

Fox News’ Eleanor Terrett broke the story when she reported that Deaton had changed his residency to Massachusetts, perhaps gearing up for a Senate Run in Warren’s backyard:

My spidey senses were on to something…

“John Deaton, a Swansea attorney who has been a prominent advocate for cryptocurrency, is seriously considering running as a Republican in this year’s US Senate race against Democrat Elizabeth Warren, according to two GOP insiders with direct knowledge of his plans.”

The Boston Globe then picked up on the story:

In December 2023, the prominent crypto attorney — and Rhode Island resident — John Deaton turned to social media with a question.

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“Is there time for me to buy a home in Massachusetts, actually move there, and run for Senate against this Government overreach hack in 2024?” Deaton wondered on X, formerly known as Twitter, reposting a video of Senator Elizabeth Warren speaking about the need for better regulation of digital currency.

“I’m a Massachusetts lawyer and have practiced in Massachusetts for over 15 years,” he continued. “I live in Rhode Island, less than 6 miles from Seekonk, Massachusetts. I’m not suggesting I would win, but how I would love to confront her.”

Less than two months later, in late January, Deaton moved to Swansea, Mass., where he now lists his address on Mohill Avenue, and registered to vote as a Republican, according to the town clerk. And now, according to two GOP insiders with direct knowledge of his plans, he is seriously weighing a run against Warren, with a formal decision expected in the next few days.

To represent a state in the US Senate, a person must have residency in that state at the time of the election, a standard he appears to meet.

Jim Conroy, a key architect of former governor Charlie Baker’s political operation who is consulting with Deaton, said Deaton is taking a “serious look” at the contest and will make his decision in the next few days. Deaton, 56, is prepared to seed his campaign with $500,000 of his own money, Conroy said.

Deaton did not return requests for comment this week.

A Michigan native and relative political unknown, Deaton worked for decades as an attorney on asbestos and mesothelioma cases before turning his attention to crypto litigation and commentary in the last few years. He posts frequently about the cryptocurrency industry on X, in YouTube videos, and on his website, CryptoLaw.

Deaton is extremely active in his YouTube videos and on his website, CryptoLaw.

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Meanwhile, Pocahontas is as fake as ever….no sooner did news break that Deaton might be running against her, she literally did this:

Fakers gonna fake, and Pocahontas is as fake as they come!

John, you have our full support in your run against Warren if you choose to do so.  We’ll give you our full support (over 5+ million people read WLTReport each month, and we’ll gladly tell them about you!)

Here’s more on Deaton, from ProCoinNews:

Attorney John Deaton Reveals Crypto Portfolio, Find Out What’s Inside

Attorney John Deaton Reveals Crypto Portfolio, Find Out What's Inside

Pro-XRP attorney John Deaton has revealed the contents of his crypto portfolio.

The famed lawyer owns Bitcoin, Ethereum, and XRP, in that order, and holds roughly 10x as much Bitcoin as he does XRP. He also revealed that XRP has the smallest allocation in his crypto portfolio.

Deaton also revealed that he continued to accumulate more XRP as the Ripple lawsuit dragged on. Pro-XRP Attorney John Deaton told his followers on the X social platform:

"Anyone who has seriously followed me knows this. When I sued the SEC, SEC lawyers like Jorge Tenreiro lied and told the Judge I was a disgruntled XRP holder who was upset because I bet on the wrong token and lost money.

The truth was when the SEC filed suit on December 22, 2020, I had made significant money on XRP. At the time, I owned 3 tokens, and XRP was my smallest investment behind BTC and ETH.

The SEC never lets the truth get in the way of their lies. The case was much bigger than XRP. But, I did buy more XRP AFTER the lawsuit because I knew we would win. Plus, It was like betting on myself and betting the judge would follow the law."

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Deaton explained: "Peter may have to get past the “XRP Attorney” label I was given when I sued the SEC. Let’s be honest, Ripple wasn’t/isn’t the most liked company in the industry and Chris Larsen donating money to Greenpeace regarding Bitcoin mining understandably angered many Bitcoiners.

I didn’t support it. A lot of people saw my actions in the Ripple case as helping Ripple, when in fact I didn’t care about Ripple. I own 10X more in BTC. Actually, in the video on live TV I predicted Judge Torres’ decision, saying she would find XRP not a security but that she wouldn’t let Ripple completely off the hook.

The main point is that the SEC’s conduct was wrong and unconstitutional. Hell, in 2015-2017 some at the SEC were trying to call Bitcoin a security. We have to fight against government overreach even if it’s against a defendant or project we don’t like - it’s a dangerous slippery slope."

Cryptopolitan reports:

Deaton expressed his frustration with the SEC’s allegations against him and other XRP holders who had acquired the cryptocurrency on the secondary market.

He highlighted the absurdity and potential dangers of the SEC’s claims, particularly their assertion that XRP holders were in possession of an unregistered security.

A quick glance at all the assets John Deaton owns in his portfolio shows that Bitcoin and Ethereum are both experiencing upward price movement and moving toward forming new highs, while XRP is trading at around $0.61, down from its recent high of roughly ~$0.94.

U Today summed up and further clarified the famed attorney's position:

The seasoned lawyer also underscored the pivotal factor that prompted his legal intervention, asserting that if the SEC had restricted its allegations solely to Ripple, Brad Garlinghouse and Chris Larsen, he would not have pursued the case.


 

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