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“I sued the government because the SEC did really bad things to small individual investors, and a judge who was a lifelong Democrat agreed with me. I did it all for free. However, because of my work, I was told that this token, XRP, was legal,” Deaton said.
The lawyer also pointed out that after XRP's win, Ripple co-founder Chris Larsen donated $1 million in XRP tokens. US Vice President Kamala Harris' campaign team. As reported by ZyCrypto, this was the first to be documented. Cryptocurrency donations to the Harris campaign.
“If you don’t do what I did, sue the SEC on behalf of small individual investors whose contributions [Harris] That would not have happened,” Deaton added.
Deaton also said that one of the reasons he became a crypto supporter was to help the unbanked and “take out predatory banks.” He also criticized Warren over her claims that she plans to create an anti-crypto army, saying there are more pressing issues the nation needs to address.
 Warren says he's 'okay' with cryptocurrencies
Warren defended her stance on the crypto industry, saying she has “no problem” with people trading cryptocurrencies. However, he also opined that the industry needs to follow the same rules as banks, brokerages and other financial institutions.
The senator said the necessary guidelines for the cryptocurrency industry include enacting consumer protection laws while ensuring the industry is not used for terrorist financing, drug trafficking, and human trafficking. .
“If people want to buy and sell cryptocurrencies, I’m all for having a crypto system. All I want is basic, fair rules that apply to all financial institutions. The same kind of fair rules,” Warren said.
However, Warren suggested that Deaton was overly biased against cryptocurrencies due to donations from the industry, saying most of his wealth is held in digital assets.
Recent issues raised during the debate highlight the growing debate surrounding cryptocurrencies as the US election approaches. Republican presidential candidate Donald Trump has made various efforts to appeal to the crypto community, including plans to hold the US Bitcoin Strategic Reserve. Harris also vowed to support the creation of a regulatory framework for cryptocurrencies.
