MIAMI, FL – Pro XRP advocate John Deaton is voicing his disapproval of Senator Elizabeth Warren’s proposed taxation plans. Deaton, known for his dedication to bringing the crypto industry to the forefront of politics, has garnered significant support from the XRP community. His recent fundraising campaign for his election bid was also backed by cryptocurrencies.
In a recent post, Senator Warren expressed her views on taxing the wealthy, stating, “Massive companies are posting historic profits, and the wealthiest 1% of people just reached a record $44 trillion.” However, Deaton took issue with this approach, stating, “Senator Warren is concerned about increasing the amount of money that goes to the federal government. I’m concerned about stuffing your pocket with additional cash.”
Deaton further argues that taxing the wealthy does not necessarily result in increased support for the middle class or the destitute. While he believes that the wealthy should contribute their fair share, his focus, if elected, will be on aiding the underprivileged and promoting the growth of the middle class.
Deaton had previously launched a fundraising campaign in his efforts to defeat Senator Warren in the Senate. One post announced that donations to Deaton’s campaign would be accepted in cryptocurrency. The cryptocurrency community has rallied behind Deaton, with notable proponents such as Anthony Scaramucci showing support.
Deaton’s potential political candidacy has piqued interest, particularly within the XRP community. Known for his advocacy of digital currencies, his involvement in the cryptocurrency industry has garnered favor from the XRP and wider Web3 communities. His campaign could potentially pave the way for cryptocurrency-related legislation in the Senate and broader acceptance of digital currency.