Warren signals softer stance on crypto in debate with Deaton

Senator Elizabeth Warren, known for her strong anti-crypto views, appeared to soften her stance during a recent debate with XRP (CRYPTO:XRP) advocate John Deaton. 

The Massachusetts Senator's more measured approach suggests a shift as the U.S. election campaign intensifies, where cryptocurrency has become a prominent issue.

Warren, who has been a vocal critic of digital assets, highlighted the need for regulation but expressed a willingness to accommodate a functional crypto system. 

"I’m all for having a crypto system if people want to buy and sell crypto. All I want is for them to follow the same rules as everyone else," she stated during the debate.

This approach marks a departure from her previous rhetoric, which often emphasized the risks of cryptocurrencies, such as enabling illicit activities. 

Her openness to a regulated crypto market caught many by surprise, sparking speculation about a possible shift in her policy direction.

Deaton, who has been an outspoken advocate for the crypto industry, criticized Warren for her previous attempts to stifle the sector, noting, "It’s hardly surprising that industry players would back a pro-crypto candidate when you’ve tried to ban them." 

In response, Warren suggested that Deaton’s campaign was heavily funded by the crypto industry, questioning his integrity by stating, "If John Deaton goes to Washington, his crypto buddies are going to want a return on their investment."

The debate highlighted the contrasting views between the candidates, with Warren emphasizing stricter regulations and transparency, while Deaton pushed for supporting crypto innovation. 

Deaton also took a swipe at Warren’s focus, suggesting she should prioritize tackling inflation over attacking the crypto sector.

The discussion has raised questions about the future of crypto regulation, especially with the U.S. elections approaching. 

This could influence future policy debates on cryptocurrency regulation in the U.S.