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Highlights
- The pro-XRP lawyer, John Deaton, made an appearance in the Bitcoin Conference today.
- He revealed the reasons behind embracing BTC.
- The attorney also gained support from BTC maximalists for the upcoming U.S. Senate elections.
At the 2024 Nashville Bitcoin Conference, John Deaton, a prominent pro-XRP lawyer, electrified the audience with his passionate speech about Bitcoin’s potential to disrupt traditional banking and financial systems. His powerful message resonated deeply, emphasizing his personal experiences and the injustices faced by many under the current banking system. Furthermore, Deaton received support from Bitcoin maxi Jameson Lopp and others for his Senate race.
John Deaton’s Speech At Bitcoin Conference
“Thank you, and it’s great to be here,” John Deaton began, recounting his humble beginnings in Detroit, Michigan. “I was born to a single mother on welfare and food stamps in one of the worst neighborhoods in America, called Highland Park, Detroit.”
Moreover, during the Bitcoin Conference in Nashville, he described how reading the BTC white paper in December 2016 evoked memories of his mother’s struggles with predatory financial practices. He stated:
“I remember standing in line watching her debase herself because she couldn’t keep a minimum bank deposit, so she had to go to those check cashing stores. I saw her beg them, ‘Can you please take not 20% or 15%? We need that money for food.’”
Deaton’s story continued, highlighting how Bitcoin could eliminate such predatory fees. He stated, “When I was in college, I would send my mother money to help with my younger two siblings. I’d send her $100. It would go through Western Union. They would take 12 or 15 dollars.”
In addition, his conviction in Bitcoin’s transformative power was evident. He disclosed his significant financial commitment to BTC by investing over 82% of his net worth. He said, “I just disclosed to the Federal Election Commission that my net worth is 82% in Bitcoin.”
Deaton’s Bitcoin Conference speech also took a sharp turn into the political realm. He criticized Senator Elizabeth Warren for her stance on Bitcoin and the broader financial system. The XRP lawyer noted:
“I’m going against Elizabeth Warren who wants to ban the self-custody of Bitcoin in the United States. She went on Meet the Press and told Chuck Todd that America is ready for a Federal Reserve-issued CBDC. George Orwell is rolling over in his grave, and I’m looking you in the face and telling you I’m gonna beat Elizabeth Warren.”
Also Read: MAGA Jumps 15% Ahead of Donald Trump’s Bitcoin Conference Address
Bitcoin Maxi Supports Deaton
The Bitcoin community quickly rallied around Deaton’s candidacy. Jameson Lopp, a well-known Bitcoin maximalist, shared a picture with Deaton on X during the Bitcoin Conference, expressing his support. “I’m proud to support John Deaton in his quest to dethrone Big Bank crony Liz Warren!” Lopp wrote.
Furthermore, Deaton responded to Lopp’s support with a pointed critique of Warren’s political journey. The XRP attorney noted, “James, 12 years ago, Elizabeth Warren promised to go to D.C. to hold Bankers accountable for their misdeeds and illicit activities. Today, those same Bankers write her bills. She’s the epitome of what happens in D.C. She couldn’t beat ‘em, so she joined ‘em.”
Meanwhile, the crypto super Political Action Committee (PAC), Commonwealth Unity Fund, which supports Deaton has rallied efforts for his Republican primary. On Wednesday, July 24, the PAC spent nearly $305,000 for advertising the XRP advocate’s campaign. It’s important to note that the PAC has obtained the majority of its funding, i.e. $1 million, from Ripple.
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