Elizabeth Warren’s Bitcoin-friendly challenger John Deaton questions the senator’s track record in fighting corporate greed

Cryptocurrency Lawyer John Deatonwhich aims to Elizabeth Warren (D-Mass.) publicly confronted the senator later that year about her stance on price gouging by large corporations.

What happened: Deaton addressed X on Monday and pointed out Warren’s duplicity in her campaign against corporate greed.

“I have personally fought against greedy corporations and insurance companies (including one of your former clients, Traveler’s Insurance) on behalf of working families across the Commonwealth for more than two decades,” Deaton said in response to an earlier X-post by Warren calling for tough measures by the Kamala Harris Administration against price gouging.

The lawyer said he was willing to have a private conversation with Harris about the matter.

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Deaton referred to Warren’s defense of insurer Travelers Insurance in a case involving asbestos victims’ claims that ended up before the Supreme Court.

Why it is important: Deaton’s challenge comes as part of his ongoing campaign against Warren, in which he has positioned himself as a staunch supporter of cryptocurrencies. He is known in the cryptocurrency community for his support of RippleLabs in the ongoing litigation with the SEC, as representative of several individuals XRP XRP/USD Holders in the case.

His pro-cryptocurrency stance has also received significant support from industry representatives. Winklevoss twinsCo-founder of the cryptocurrency exchange Twinshave donated $1 million in Bitcoin BTC/USD on Deaton’s political campaign

Deaton holds about 80% of his net worth in Bitcoin and Bitcoin-related assets, making him potentially the largest holder of the cryptocurrency among all elected officials and candidates in this year’s election.

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Disclaimer: This content was created in part with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.