đ **Crypto Crusader John Deaton Eyes Senate Seat!** đ
John Deaton, a well-known figure in the crypto world, is running for the US Senate in Massachusetts. In a recent chat with Generation Infinity, Deaton made it clear he's not a fan of a Federal Reserve-issued central bank digital currency (CBDC).
- **CBDC Concerns:** Deaton fears a Federal CBDC could replace cash and let the government monitor and restrict spending. He even called out Senator Elizabeth Warren for her support of such a move, saying it could be a sneaky way to ban Bitcoin and self-custody of crypto.
- **Regulatory Clarity:** Deaton emphasized the need for clear crypto regulations, criticizing the SEC's approach. He believes the lack of clarity is driving innovators away from the US.
- **Government Accountability:** Deaton also supports term limits for senators and wants a gap period before former regulators can join the private sector.
đŹ What do you think about Deaton's stance? Share your thoughts in the comments!