According to Cointelegraph, John Deaton announced his candidacy for Massachusetts Senator and explicitly opposed the central bank digital currency (CBDC) issued by the Federal Reserve.

In an interview with Generation Infinity, Deaton said that a government-issued CBDC could replace cash and monitor individual spending behavior. He criticized the CBDC bill supported by Senator Elizabeth Warren, arguing that it was actually a ban on Bitcoin and self-custodial cryptocurrencies.

Deaton also spoke about government accountability and fiscal responsibility, supporting term limits for senators and representatives and criticizing the rapid move of former regulators into the private sector.

Additionally, Deaton stressed the need for clear regulation in the crypto industry, noting that the approach of the U.S. Securities and Exchange Commission (SEC) has caused some innovators and companies to avoid the U.S. market.