Does John Deaton Support Crypto?

Based on previous comments, John Deaton has indicated they are very pro-cryptocurrency. Below you can view the tweets, quotes, and other commentary John Deaton has made about Bitcoin, Ethereum, and cryptocurrency innovation.

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Very Pro-Crypto

Quoted from www.standwithcrypto.org on

John Deaton completed the Stand With Crypto Questionnaire and supports comprehensive legislative action to establish clear pathways for digital asset businesses, define asset classifications, and update market structure laws for crypto trading venues. He advocates for Americans' right to self-custody, ending regulatory de-banking, and believes crypto should be regulated by the CFTC, not the SEC, while also proposing legislation for asset tokenization and allowing taxes to be paid in Bitcoin.

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Very Pro-Crypto

J
@JohnEDeaton1
Normally, a Candidate for U.S. Senate would probably not comment on the @SECGov’s decision to appeal a District Court ruling. However, I’m not your typical Candidate and I spent hundreds of pro bono hours and over $75K of my own money, fighting gross overreach and misconduct at the SEC, in this particular case, and on behalf of 75K token holders. All I asked the SEC to do was agree that XRP itself was NOT a security. It wasn’t a very big ask, considering Judge Castel, in Telegram, had specifically ruled that the Gram token, like Bitcoin, was nothing more than alphanumeric code and NOT the security. In addition to that ruling, 75 years of caselaw clearly established that anything could be packaged, marketed, offered and/or sold as a security but the underlying asset (or thing) itself was NEVER considered the security. Condos, Bitcoin, Chinchillas and 🍊 groves were all previously packaged, marketed, offered and/or sold as securities. Doing so didn’t turn Bitcoin itself, 🍊 or condos into securities. Hell, even beavers 🦫 were offered as investment contracts. Yet, 🦫 remained 🦫 and not transformed into unregistered securities. The arguments made by the SEC in @Ripple, involving XRP, were akin to arguing that the 🍊 oranges produced by the Orange Groves in Howey, were unregistered securities, even if a consumer, with no knowledge of the Howey Company, purchased 🍊 🍊 from a grocery store a thousand miles away. The SEC made the absurd argument that the 🍊 embodied the security. Of course, the SEC couldn’t cite a single case in history supporting its ridiculous assertion. A lifelong Democrat Judge, appointed by @BarackObama, agreed with my amicus brief (and others) and ruled “XRP itself is not a security” just as I predicted she would on live television on @LizClaman’s show with @CGasparino. The judge overseeing discovery in the case, ruled SEC lawyers lacked faithful allegiance to the law and essentially called them hypocrites. I call them downright unethical. Let’s not forget, SEC lawyers were SANCTIONED by a federal judge in the Debt Box case. Clearly, I’m not the only one who thinks so. Almost 4 years after suing Ripple and making the above ridiculous claims, SEC lawyers apologized (in a different case) for suggesting tokens themselves were securities. Because the SEC is pursuing an anti-crypto agenda, it will now waste more tax payer money. @GaryGensler is a disgrace.
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Eleanor Terrett
@EleanorTerrett
🚨BREAKING: The @SECGov has filed a notice of appeal in the @Ripple case.
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Very Pro-Crypto

Quoted from www.wbur.org on

He claimed crypto is not widely used for "illicit" activity because transactions are discoverable on the blockchain, which is public but uses alphanumeric keys instead of a person's identity. "What I'm saying is Hamas actually issued a directive not to use crypto because it was too traceable," he said. "The NSA, the FBI, the CIA, have all come out and said they hope that criminals use Bitcoin. It's an open, distributed ledger. You can trace every single transaction."

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Very Pro-Crypto

Quoted from www.crypto-law.us on

John Deaton helped launch: www.crypto-law.us

CryptoLaw was launched in 2021 to be a clearinghouse of information, news and analysis on key U.S. legal and regulatory developments for digital asset holders. Cryptocurrencies and blockchain technology are a revolutionary innovation for the global economy. The United States is the world’s cradle of innovation, and actions taken by the U.S. Congress, U.S. regulatory agencies and in U.S. courts will greatly impact the future of this technology everywhere. The objective of CryptoLaw is to provide a central location for finding public information, links to news articles, and probing analysis on the legal, regulatory and policy issues related to cryptocurrencies and blockchain technology.

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Very Pro-Crypto

Quoted from www.nbcboston.com on

Deaton has also delved into cryptocurrencies.

He said he was drawn to the technology by remembering how his mother relied on what he described as “predatory inner-city check cashing operations” and was intrigued by cryptocurrency’s ability to help the underprivileged and unbanked.

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