Senator Warren: Winklevoss Twins Don’t Want “Fair Regulation”, John Deaton Counters

Highlights

Senator Warren accuse Winklevoss twins of spreading misinformation and resisting her calls for "fair regulations."
Gemini co-founder Tyler Winklevoss labeled Warren's campaign as "dishonest," arguing that she is waging an unlawful war against the crypto.
John Deaton, Warren's Republican opponent, accused Warren of pushing biased narrative against crypto industry.

Massachusetts Senator Elizabeth Warren has once again come out blaming the Winklevoss for restricting fair regulatory practices in the industry, in her recent email. Senator Warren’s Republican opponent John Deaton, an eminent XRP lawyer, has come out exposing the truth behind her statement.

Senator Warren on Crypto Regulations

In her recent email, Senator Elizabeth Warren stated that some of the conservative crypto-funded groups have been spending huge to advertise against her. She also accused them of spreading misinformation against her with the goal of supporting her Republican opponent John Deaton. Last week, XRP lawyer John Deaton won the Republican nominee from Massachusetts for the upcoming US elections in 2024.

Senator Warren also named Gemini exchange co-founders – Winklevoss Twins – for supporting those crypto-funded groups. The Massachusetts senator explained that the Winklevoss twins were upset since they don’t want “fair regulations” for the crypto industry. “They’re upset since I have called for fair regulations around the industry that protect the working people,” said Senator Warren.

Calling her latest campaign email “dishonest,” Gemini co-founder Tyler Winklevoss criticized Senator Warren for commenting on crypto regulations. Winklevoss accused Warren of misleadingly claiming that the crypto industry is upset because she has “called for fair regulations.”

He further stated that the Senator has been waging an unlawful war against the crypto sector and 50 million American who own crypto assets. Winklevoss urged voters to support attorney John E. Deaton to “end the madness” and push back against Warren’s regulatory approach.

Elizabeth Warren's latest campaign email couldn't be more dishonest. She claims the crypto industry's upset because she "called for fair regulations," when she’s been waging an unlawful war against it and the 50m Americans who own crypto. Vote for @JohnEDeaton1 to end the madness pic.twitter.com/ZcRrLv7iHi

— Tyler Winklevoss (@tyler) September 10, 2024

John Deaton Comes In Support of Winklevoss Twins

Attorney John Deaton, who’s also the founder of CryptoLawUS, has accused Senator Elizabeth Warren of ignoring the truth in her approach to cryptocurrency regulation. A day before, he also slammed Senator Warren for lobbying for banks involved in money laundering.

Deaton stated that he has always vouched for “smart, tailored regulations” for the entire crypto industry. He further highlighted his efforts through the Connect to Congress platform, which enables citizens to communicate directly with their representatives.

According to Deaton, the app has facilitated over 100,000 messages, reaching every member of Congress about the digital asset space. Besides, he also criticized Senator Warren alleging that she violated her oath by being a party to fabricate the testimony from SEC Chair Gary Gensler.

The Massachusetts Senator has actively advocated against the crypto industry over the years. The Democratic party leaders have not been serious about crypto with Kamala Harris skipping crypto legislation in her recent policy decisions.

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Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets.   He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

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