Senator Elizabeth Warren said potential attacks on her 2024 re-election campaign and Representative Katie Porter’s could be funded by corporate money from cryptocurrency supporters.
In an interview last week, Senator Warren responded to a question about a Republican crypto enthusiast, John Deaton, who is considering challenging her Senate seat. The Massachusetts senator suggested corporatists may spend any amount of money needed to back opponents of her and Representative Porter, a fellow Democrat.
Senator Warren defended her push to regulate cryptocurrencies, claiming the assets are used by drug traffickers, human traffickers, rogue nations, and terrorists. She said some in the crypto industry have giant money to spend on influencing efforts against regulation.
Representative Porter has faced attack ads from a crypto-funded Super PAC criticizing her acceptance of campaign contributions from major companies. Both lawmakers reject corporate PAC money and rely on small individual donations.
The 2024 elections could see control of Congress go to either party. Senator Warren alleges that crypto money could be used to fund campaigns against regulation-supporting candidates like herself.
Also Read: Crypto’s $85 Million Bet on 2024 Election Influence
