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Reading: Elizabeth Warren Faces Criticism from Elon Musk and John Deaton
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COINTURK NEWS > News > Elizabeth Warren Faces Criticism from Elon Musk and John Deaton
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Elizabeth Warren Faces Criticism from Elon Musk and John Deaton

In Brief

  • Elizabeth Warren faces backlash from Elon Musk and John Deaton.

  • Musk supports Deaton's campaign against Warren.

  • XRP price sees a decline amid ongoing criticism.

İlayda Peker
İlayda Peker 7 months ago
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Massachusetts Senator Elizabeth Warren has come under fire from Elon Musk, accused of lying ahead of the U.S. elections, and XRP supporter attorney John Deaton. Trump supporter Musk has also endorsed Deaton for the Senate, aligning the two in their criticism of Warren.

Contents
Warren Receives BacklashMusk Continues Support

Warren Receives Backlash

Warren’s post on the X platform drew reactions from Republican candidate John Deaton, Bitcoin $102,543 advisors, and the crypto community. She expressed a desire to impose strict measures on companies to reduce costs, blaming them for price increases.

However, XRP supporter John Deaton criticized Warren and the Biden administration, attributing inflation increases to them. Deaton claimed the government is responsible for inflation, accusing Warren of dishonesty.

“Eighty percent of all USD has been printed by the government in the last four years. This is a major reason why inflation is at a 40-year high.”

Musk Continues Support

Elon Musk and Coinbase CEO Brian Armstrong announced their support for Deaton’s election campaign against Warren on Monday. Yet, Deaton is significantly trailing the Democrat in election polls.

According to Polymarket data, the Democratic Party has a 97.3% chance of winning the Massachusetts Senate seat. Meanwhile, Republican candidate Donald Trump leads Kamala Harris in the 2024 presidential race, although other polls still show Harris ahead.

Musk has supported Trump in Pennsylvania while also advocating for XRP and highlighting anti-central control scenarios regarding cryptocurrency prices.

“Government spending leads to inflation. That’s the issue.”

Crypto executives Erik Voorhees, Pierre Rochard, and Preston Pyth also criticized Warren for blaming the business sector for U.S. inflation.

Recently, the XRP price fell 4% in the last 24 hours, currently trading at $0.53, with trading volume down by 3%, indicating a decrease in investor interest.

Criticism of Elizabeth Warren continues to be strongly expressed by the crypto community and some Republican circles.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 23 October, 2024 - 12:09 am 23 October, 2024 - 12:09 am
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