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John Deaton, with the support of the crypto community and celebrities, criticizes Senator Elizabeth Warren’s tax policies, which advocate against taxing the wealthy.
John Deaton, Pro XRP activist, has openly shared his contradictions about Senator Elizabeth Warren’s taxation policies. He received a lot of support from the XRP community, given his commitment and enthusiasm for bringing a renowned crypto enthusiast into politics. He has backed his recent election fundraising campaigns through cryptocurrencies.
Criticization Against Senator Warren’s Tax Views
Senator Elizabeth Warren previously shared an X post expressing her opinions about taxing the wealthy.
She wrote, “Massive companies are posting historic profits, and the wealthiest 1% of people just reached a record $44 trillion.”
This idea of taxing wealthiest section of the society could not convince XRP supporter John Deaton. As a reply to Senator Warren’s post, he wrote, “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.”
He further added that taxing the wealthy did not increase the amount of money that the middle or lower sections of society could receive. He further bets on others that everyone may agree that the richer segments of society are already contributing fairly.
He said if he wins the elections, he will help underprivileged segments of the society and will work to boost the growth of the middle class.
His Appeal To Reform Crypto Laws
The crypto communities have responded positively to the nomination of John Deaton. He has offered tremendous support to digital industries and criticized the existing taxation system. His strategy appeals to a shift towards the utilization of digital currencies as a means for economic development and equality. He is marketing and promoting digital currencies, introducing them to political campaigns during his election campaigns.
The excitement around Deaton’s announcement expresses a wider interest in crypto laws. The crypto enthusiasts and community are expecting some changes in laws that will better consider the dynamics of digital currencies with the involvement of John Deaton as a senator.
The possibility of him winning the election excites XRP community and crypto enthusiasts. His nomination and candidacy are the first step to a correct representation and understanding of cryptos in federal debates.
John Deaton’s Money Raising Election Campaigns
To defeat Elizabeth Warren in the Senate, John Deaton launched a fund-raising campaign. He has stated on the X platform that he will accept donations to Deaton’s fundraising campaigns in the form of cryptocurrency. To this, he has received a lot of support from the crypto community, including prominent proponents such as Anthony Scaramucci.
The XRP community has been very curious about Deaton’s political candidacy, as he has been popular for his openness to backing cryptocurrencies. He has pleased and attracted many members from the XRP and Wider Web3 communities through his commitment to crypto industry.
His idea of accepting cryptos in the campaigns might facilitate the release of cryptocurrency related legislation in the Senate and a wider acceptance of the digital currency space.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
