Elon Musk and Coinbase support the removal of Elizabeth Warren

Elon Musk and Coinbase support the removal of Elizabeth Warren

Elon Musk agrees with the proposal of Coinbase CEO, Brian Armstrong, to remove Elizabeth Warren. For both, the current senator from Massachusetts should be replaced by the pro-crypto candidate John Deaton.

Elon Musk and the CEO of Coinbase discourage Elizabeth Warrens candidacy in Massachusetts

The current senator from Massachusetts (USA), Elizabeth Warren, is facing an election campaign against her.

In the crypto sector, especially, Warren would be the one who got Gary Gensler hired, the Chairman of the Securities and Exchange Commission (SEC), who has hindered the entire crypto industry.

Both Elon Musk and the CEO of Coinbase, Brian Armstrong, seem to agree on wanting to replace her with the pro-crypto candidate John Deaton. Heres how they expressed themselves on X:

In practice, while Musk only shared the thoughts by adding a “Yes” of approval, Armstrong described Warrens role as counterproductive for the bull sector of cryptocurrencies.

Not only that, the CEO of Coinbase emphasized that the current senator Warren is against freedom and that, as happens in China, she believes that the government should manage all the financial services of the country.

Elon Musk and Armstrong of Coinbase: John Deaton to dethrone Elizabeth Warren

With this post on X, both Musk and Armstrong have joined the growing list of influential people supporting the pro-crypto voice John Deaton as Warrens successor.

In fact, more than a successor, John Deaton is gaining more and more support in the attempt to dethrone Elizabeth Warren.

John Deaton is the crypto lawyer who rose to prominence for providing information on the case between Ripple and the SEC. Essentially, Deaton is a staunch supporter of cryptocurrencies who has undertaken legal initiatives to successfully challenge the classification of XRP as a security, as the SEC claimed.

In fact, last year, Deaton reiterated that Genslers SEC was wrong, given that XRP does not meet the requirements of the Howey test and therefore is not a security.

His legal battle then culminated in the final victory, with the final ruling by Judge Annalisa Torres in July 2023, who declared that XRP is not a security.

His decision to enter politics came in February 2024, when he criticized Gensler in a tweet for his regulatory approach, accusing him of conducting a “propaganda war” against the sector.

The elections for the USA Presidency: Trump pro-crypto in the lead

As the elections for the USA Presidency are increasingly approaching, it is already possible to say that the crypto sector has become a more discussed topic in this electoral campaign than it has ever been in the past.

Among the two candidates, Donald Trump has defined himself as the future pro-crypto President.

Not only that, even just to look at the polls on the elections, the platforms of Polymarket, Kalshi, and other prediction markets are considered, rather than the traditional platforms dedicated to political polls.

At the moment, on the prediction markets, Donald Trump is ahead of Kamala Harris.

On Polymarket, Trump is ahead with a 63% prediction of winning, against Harris‘s 36%. On Kalshi, however, Trump is ahead with 60% vs. Harris’s 40%.