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Episode · Oct 1, 2024 ·

ATC: U.S. Senate Candidate John Deaton Joins All Things Crypto

On the mic

Summary

0:03:31

John Deaton Joins ATC

The hosts welcomed Senate candidate John Deaton, and noted a Cointelegraph report on Bitwise's XRP ETF filing. John E Deaton recapped suing the SEC on behalf of 75000 XRP holders from 143 countries, and Judge Torres ruling that XRP is not a security. He shared his background from a tough Highland Park childhood and Marine Corps service to two decades fighting asbestos cases for working people. John E Deaton described himself as pro freedom, not pro crypto, and explained how his mother's check cashing fees drew him to Bitcoin as a way to cut predatory intermediary costs.

0:13:56

Path to Victory and Crypto Views

John E Deaton said he would not have entered the race or spent a million dollars of his own money without a chance, and recent polling shows a single digit race once voters learn his story as a pro choice, fiscally responsible, common sense centrist. He outlined a military mission accomplishment mindset for solving problems like debt and inflation without blame, and noted stablecoins would strengthen the dollar while blockchain could help Department of Defense audits. John E Deaton explained how Senator Warren's influence sways regulators and turned crypto into a partisan issue during the election year.

0:13:56His odds of winning, name recognition, and the October 15 and 17 debates

0:28:05

Term Limits and Reforming Washington

John E Deaton said his first bill would impose term limits of twelve years for US senators because public service is not self service. He recounted visiting a senator who did not read a bill that would have ended asbestos lawsuits after his legal chief misled him to benefit a future employer, and proposed a three to five year bar on regulators joining the industries they oversaw. John E Deaton discussed super PACs like Fair Shake that support his campaign independently, and noted Massachusetts has only eight percent registered Republicans with sixty four percent independents making Warren beatable with enough name recognition.

0:30:20Lawmakers who don't read bills

0:40:56

Economic Agenda and Massachusetts Issues

John E Deaton said the government cannot be trusted on CPI because it excludes food and energy, and criticized thirty five trillion dollars in national debt with one point nine trillion dollars annual deficits driven by money printing. He called for a pro growth agenda cutting excessive regulations to boost artificial intelligence, blockchain, automation, robotics and renewable energy so consumers have more money in their pockets. John E Deaton reported positive reception in Massachusetts where the second highest cost of living and right to shelter law have fueled frustration over housing prices near nine hundred eighty thousand dollars median and migrant spending exceeding one billion dollars.

0:43:47How he's being received in Massachusetts

Moments0:40:56
0:49:26

Accredited Investor Rule and Community Reaction

John E Deaton criticized Senator Warren's support for the accredited investor rule that excludes eighty five percent of Americans from private investments, and shared how a Massachusetts regulator blocked regular people from Apple's nineteen eighty IPO which would have turned one thousand dollars into one point five million dollars today. He emphasized being a freedom candidate so people can own hard assets like Bitcoin without gatekeepers. The hosts and community including Kool NatNat, Dave and Sunny D praised John E Deaton as a straight shooter and discussed housing costs, hard assets, Warren and Gensler plus the need for Massachusetts voters to support him.

0:49:26Warren's call for a 75 basis point cut

1:07:10SAB 121

Key quotes

“I say I'm the pro freedom candidate and that the government shouldn't be able to tell you what you can and can't own.”

JJohn E Deaton0:11:22Share on X

“It's only impossible when you don't try.”

JJohn E Deaton0:13:56Share on X

“We're moving into the adoption stage, but we're still in the fighting stage.”

JJohn E Deaton0:25:57Share on X

“It's called public service, not self-service.”

JJohn E Deaton0:28:05Share on X

“difficult doesn't mean impossible, and I've overcome lots of things that people told me were impossible.”

JJohn E Deaton0:58:45Share on X

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Show discussion, not financial advice.