Pro-crypto lawyer considers Senate bid against Elizabeth Warren

The Boston Globe reports that lawyer John Deaton is weighing a possible bid

article-image

Senator Elizabeth Warren | Rich Koele/Shutterstock modified by Blockworks

share

Senator Elizabeth Warren, D-Mass., may be close to drawing a crypto-friendly political challenger.

The Boston Globe reports that John Deaton is weighing a bid for the Massachusetts Republican Party’s nomination for US Senate. Warren is seeking a third term in office, having won her seat in 2012, and will face voters this November.

The Globe cited comment from Jim Conroy, a Massachusetts Republican political operative, who said that Deaton is giving a possible run a “serious look.”

Deaton is the founder and host of CryptoLaw, which according to its website is a “clearinghouse of information, news and analysis on key US legal and regulatory developments for digital asset holders.”

In a series of blog posts, Deaton has attacked the US government’s approach to crypto oversight, with particular ire aimed at the Securities and Exchange Commission under Chairman Gary Gensler. 

Read more: Senator Warren: SEC is ‘wrong on the law’ approving bitcoin ETFs

Deaton previously filed an amicus brief on behalf of retail holders of XRP in the SEC’s long-running lawsuit against Ripple. Following a court decision last year that was largely favorable to Ripple, Deaton wrote in a Bloomberg Law op-ed that the agency “forgot its primary mission is to protect investors.”

Warren was in the news elsewhere Thursday with a report that her office had honored the 15th anniversary of Bitcoin’s launch and the network’s pseudonymous creator, Satoshi Nakamoto. This was apparently conducted through the Capitol Flag Program, an initiative allowing legislative offices to submit requests that flags be flown in honor of special events and organizations. 

Read more: Senator Warren says crypto firms shouldn’t partner with ex-government officials 

Members of the public can submit requests to their representatives for flag raises, according to the program’s official website. Warren’s website notes that flag requests may take longer at present because of reduced operating capacity in the US Capitol Flag Operations Office.

Bitcoin Magazine — which claimed that Warren had “seen the orange-tinted light” — published a certificate bearing Warren’s signature. But it’s unclear whether Warren herself or a staffer in her office approved the flag raise request. 

Warren’s office did not respond to a request for comment.


Get the news in your inbox. Explore Blockworks newsletters:

  • Blockworks Daily: The newsletter that helps thousands of investors understand crypto and the markets, by Byron Gilliam.
  • Empire: Start your morning with the top news and analysis to inform your day in crypto.
  • Forward Guidance: Reporting and analysis on the growing intersection of crypto and macroeconomics, policy and finance.
  • 0xResearch: Alpha directly in your inbox. Market highlights, data, degen trade ideas, governance updates, token performance and more.
  • Lightspeed: Built for Solana investors, developers and community members. The latest from one of crypto’s hottest networks.
  • The Drop: For crypto collectors and traders, covering apps, games, memes and more.
  • Supply Shock: Tracking Bitcoin’s rise from internet plaything worth less than a penny to global phenomenon disrupting money as we know it.
Tags

Upcoming Events

Industry City | Brooklyn, NY

TUES - THURS, JUNE 24 - 26, 2025

Permissionless IV serves as the definitive gathering for crypto’s technical founders, developers, and builders to come together and create the future.If you’re ready to shape the future of crypto, Permissionless IV is where it happens.

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

morpho 2 graphic.png

Research

Utilizing a ‘DeFi Mullet’ approach, Coinbase’s Bitcoin-backed loans integration with Morpho demonstrates a powerful blueprint for CEXs to monetize dormant assets by expanding adoption of wrapped products (cbBTC, USDC) while also supporting native and/or preferred DeFi ecosystems (Base) which can further lead to downstream growth in onchain liquidity and increased utilization of the related assets.

article-image

The platform also rolled out 13 tokenized funds for institutions on the Connect platform

article-image

The company’s expanded lineup introduces new ETF products, as more and more issuers get into crypto funds

article-image

President Donald Trump announced a 10% levy on almost all goods and additional tariffs on so-called “worst offending” countries

article-image

Solana may be in “recomposition” mode, as new protocols put usefulness ahead of mere virality

article-image

The stablecoin issuer will have to contend with bigger players and the interest rates environment

article-image

The president reportedly was still working on his tariff policy plans late Tuesday evening