Pro-XRP legal John Deaton recently voiced his concerns about someone he revealed as the biggest threat to crypto in the US. This time around, it wasn’t Gary Gensler he was referring to, as he noted that the SEC Chair answers to this person. 

Warren The “Biggest Threat” To Crypto In The US

In a post shared on his X (formerly Twitter) platform, Deaton labeled Senator Elizabeth Warren as the “single biggest threat to Crypto in the United States.” He noted that Gensler can’t take these honors considering that he takes his marching orders from her. Warren, known for her firm stance on cryptocurrencies, recently reintroduced the ‘Digital Asset Anti-Money Laundering Act.’ 

Deaton’s comment was in response to another X post by lawyer Joe Carlasare, who had stated that Warren’s bill “probably had the best chance” of being passed among any crypto bill. In response, Deaton stated that the bill is “a big deal.”

According to a recent press release, the bill is now co-sponsored by more than nine US Senators, including Republicans and Independents. It is indeed true that the bill is bipartisan as it has the support of Senators Roger Marshall (a Republican representing Kansas) and Angus King (an Independent representing Maine). However, it remains to be how much support she can garner from other Senators. 

The bill, if passed, i

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Author: Scott Matherson

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