Pro-XRP attorney and well-known cryptocurrency supporter John E. Deaton has disclosed the primary motivation for his Senate run in the United States, highlighting the critical need for improved protections for citizens and retail investors. Deaton, who rose to fame for his outspoken criticism of regulatory overreach and steadfast support of XRP, feels that the legislative framework now in place under US Senator Elizabeth Warren is insufficient to protect common investors in the quickly developing digital asset market.
Pro-XRP Lawyer Blasts Elizabeth Warren
According to John E. Deaton, US Senator Elizabeth Warren has failed to deliver a safe environment for working families, retail investors, and consumers during her tenure. Warren’s failure to protect these people in the same manner that she does for the disgraced Federal Deposit Insurance Corporation (FDIC) chairman Martin Gruenberg is the major reason why the pro-XRP lawyer is running for the US Senate seat.
In a scathing report published on May 7, it was found the FDIC, under the management of Gruenberg, committed pervasive sexual harassment, bullying, and discrimination.
The report read:
As detailed in the report, the independent review found that, for far too many employees and for far too long, the FDIC has failed to provide a workplace safe from sexual harassment, discrimination, and other interpersonal misconduct. It further found that management’s responses to allegations of misconduct, as well as the culture and conditions that gave rise to them, have been insufficient and ineffective.
The independent investigation included specific examples of managers sending their staff members pictures of themselves naked or taking them to brothels while on business vacations.
About 10% of the workforce reported these incidents or other instances of personal wrongdoing at the firm, including Gruenberg’s own actions. Despite the embarrassing report, Gruenberg, who has been working with the firm since 2005, is still unwilling to step down as the company’s head.
Warren has allegedly been supporting the FDIC chair, as Deaton noted that following Greunberg’s nomination by US President Joe Biden, Warren expressed her approval of the decision, basically advocating Gruenberg as a champion for customers.
During the vote which was between Martin Gruenberg and Adrienne Harris, Warren voted in favor of Gruenberg. She said that Harris is too moderate on cryptocurrency and that Gruenberg is a radical, calling Harris a savvy centrist.
Also, it is noteworthy that since the allegations, Warren has reportedly been spearheading an effort to keep Gruenberg safe behind closed doors. Her efforts allegedly aided the FDIC Chair in preparing for this week’s congressional hearings, where he was expected to face intense questioning about the claims.
Political Agenda Over Transparency
So far, the pro-XRP attorney has slammed Warren, claiming that the US Senator lacks proper leadership qualities. “Leadership is about accepting that sometimes you get it wrong and sometimes, you support the wrong person,” he stated.
By supporting Gruenberg, Deaton believes that Warren once again prioritized her political goal over acting honorably and morally by safeguarding these workers.
In addition, rather than owning up to her error and calling Gruenberg’s registration, she is aiding him. As a result, Deaton highlights the Senator’s action as another instance of her selective outrage and hypocrisy.
Featured image from X, chart from Tradingview.com
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