Warren defeats Deaton in 2024 US presidential election
Elizabeth Warren, known for her strong stance against cryptocurrency, has won her third term as Massachusetts senator, defeating pro-crypto candidate John Deaton.
According to NBC News, Warren secured 718,766 votes, representing 59.8% of the total, while Deaton garnered 481,117 votes, or approximately 40%.
Warren, a member of the Senate Finance and Senate Banking Committees, has been vocal in her criticism of the cryptocurrency industry and is a key supporter of legislation aimed at extending know-your-customer (KYC) requirements to validators, wallet providers, and miners.
Her victory underscores continued opposition to the crypto sector within some legislative circles.
John Deaton, a lawyer representing thousands of XRP (CRYPTO:XRP) investors in a lawsuit against the U.S. Securities and Exchange Commission (SEC), had gained significant backing from the crypto community, including a public endorsement from Ripple CEO Brad Garlinghouse, who also contributed to Deaton’s campaign.
Despite this support, Deaton’s efforts fell short in Massachusetts.
Warren’s re-election solidifies her influence on financial regulation, including oversight related to the SEC and the Commodity Futures Trading Commission (CFTC), and indicates potential continued scrutiny for the cryptocurrency sector as she resumes her role in the Senate.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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