Pro XRP Lawyer John Deaton Opposes Senator Warren’s Taxation Views
Highlights
- Pro XRP advocate John Deaton has openly expressed his aversion to Senator Elizabeth Warren's taxation plans.
- Previously, to defeat Elizabeth Warren in the Senate, pro-XRP attorney John Deaton had launched a fundraising campaign.
- Deaton is well known for his openness to openly back cryptocurrencies.
Pro XRP advocate John Deaton has openly expressed his aversion to Senator Elizabeth Warren’s taxation plans. At present John Deaton has a lot of support from the XRP community given his commitment and enthusiasm for bringing a well-known face of the crypto industry into politics. Deaton’s recent election fundraising campaign was also backed by cryptocurrencies itself.
Pro XRP Lawyer John Deaton Criticizes Senator Warren’s Tax Views
Senator Elizabeth Warren previously in an X post expressed her opinions about taxing the wealthy. She wrote, “Massive companies are posting historic profits, and the wealthiest 1% of people just reached a record $44 trillion.”
However, this view of taxing the rich didn’t seem to have sat right with pro XRP supporter John Deaton. In a reply on X, he wrote “Senator Warren is concerned about increasing the amount of money that goes to the federal government. I’m concerned about stuffing your pocket with additional cash.”
He also added that taxing the wealthy did not increase the amount of money that the middle class or the destitute received. Everyone may agree that the wealthy ought to contribute fairly. Deaton, if he conquers the senate seat, will concentrate on helping the underprivileged and growing the middle class, he said.
Read Also: Coinbase L2 Base Outshines Arbitrum In Transaction Count
John Deaton’s Money Raise Campaign
Previously, to defeat Elizabeth Warren in the Senate, pro-XRP attorney John Deaton had launched a fundraising campaign. One post on social networking platform X stated that donations to Deaton’s fundraising campaign would be accepted in cryptocurrency. Overall, the cryptocurrency community has shown tremendous support for Deaton, with prominent proponents like Anthony Scaramucci also jumping on the bandwagon.
Particularly from the XRP community, there has been curiosity about Deaton’s political candidacy. Deaton is well known for his openness to openly back cryptocurrencies. His commitment to the cryptocurrency industry has pleased many in the XRP and wider Web3 communities. His campaign might facilitate the passage of cryptocurrency-related legislation in the Senate and a wider acceptance of the digital currency space.
Read Also: Crypto Groups File Amicus Briefs in Support of Tornado Cash Developer
- SEC to Decide on Six Spot XRP ETF Applications in October
- Ripple Partners with Ondo Finance to Tokenize U.S. Treasuries on XRPL
- Ethereum Exchange Supply Drops 52% as $3,700 Liquidation Risk Grows
- XRP News: mXRP Vault Surpasses $22M as Investors Capitalize on Staking Rewards
- Galaxy Digital CEO Calls Next Fed Chair Bitcoin’s Bull Catalyst, Sets $200K BTC Target
- Pepe Coin Price Bounce Likely as Support Zone Aligns With Rising Social Activity
- Solana Price Set for Recovery Amid Wyckoff Accumulation and Canary Capital ETF Filing
- Avalanche Price Could Surge to $50 as Transactions Jump 200%
- CHMPZ Price Prediction:Will This Net-Zero Community Token be the Next Gem?
- Ethereum (ETH) Price Set for a rebound as Whales Accumulate $1.6B ETH and Outflows Hit $622M
- HYPE Price Prediction As Bitwise Files For Hyperliquid ETF – Is $55 In Sight?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
