20% of US Senate in Support of De Facto Crypto Ban: John Deaton

According to John E. Deaton, founder of Crypto-Law.us, 20% of the U.S. Senate has already agreed to support her de facto ban on Crypto and Bitcoin in the U.S. He believes Senator Elizabeth Warren, the Senator representing Massachusetts, is using her reelection as an opportunity to create and control the Crypto narrative.

20% of the US Senate has already agreed to support her defacto ban on Crypto and #Bitcoin in the U.S. I know for a fact she is using her reelection as an opportunity to create and control the Crypto narrative. She is the single biggest threat to freedom in the United States. https://t.co/k7UxHUUZQf

— John E Deaton (@JohnEDeaton1) December 17, 2023

Deaton continued to express his disapproval of the Senator in a recent post on X (formerly Twitter), describing her as the “Single biggest threat to freedom in the United States.” Deaton’s latest post was in response to Ryan Selkis, founder of Messari, who warned the crypto community not to underestimate Senator Warren’s potential to cripple crypto in the U.S.

According to Selkis, the crypto community members are fighting for their careers and Senator Warren remains the greatest rival, even if her name is not in the final bill against crypto with the greatest chance of passage. However, Selkis referenced a post by Tom Dunleavy, CIO at MV Capital, listing Senator Warren’s unimpressive performance in sponsoring bills in the Senate.

Dunleavy’s post showed that Senator Warren has sponsored 344 bills in the Senate since 2015, out of which none passed. However, the crypto community does not appear to consider her a non-threat, especially when looking at her stance against cryptocurrency.

The Senator recently sponsored a bill requiring the Financial Crimes Enforcement Network to issue guidance on digital assets and for other purposes. Her actions didn’t impress the crypto community and many industry stakeholders have openly criticized her. Most of those critics think that the best way to stop the Senator is by ensuring she doesn’t return to the Senate, especially with the next round of elections coming up soon.

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