Deaton is considering entering the race as the crypto industry ramps up its aggressive efforts to influence the 2024 election. The industry-backed super PAC, which has more than $80 million in the bank, made its first big move this week with a multimillion-dollar ad buy attacking Democrat Katie Porter, a Warren protégé, in the California Senate primary. It became a hot topic.
And in the closely watched Ohio election, which could determine the balance of power in the chamber, a pro-cryptocurrency Republican will challenge Senate Banking Committee Chairman Sherrod Brown (D-Ohio). He is running for office.
Warren has positioned herself as one of the most prominent crypto skeptics in Congress, actively pushing for legislation to crack down on the industry from her position on the Banking Committee. She frequently warns about fraud in the cryptocurrency market and has fought against pro-industry legislation pushed by House Republicans.
Deaton has disputed Warren's views on cryptocurrencies on X (formerly Twitter) and previously helped fight an SEC lawsuit against Ripple Labs.
Deaton’s resume goes beyond cryptocurrency advocacy. A former U.S. Marine from suburban Detroit overcame his violent childhood to graduate law school and establish his own firm representing asbestos victims. He is a cancer survivor and author of the book “Food Stamp Warrior.”
