In an interview John Deaton, pro-crypto attorney and Republican primary winner from Massachusetts strongly voiced his opposition to a US Federal Reserve-issued <a href="https://cryptotale.org/u-s-senator-elizabeth-warren-optimistic-for-cbdcs/" rel="noopener noreferrer nofollow">central bank digital currency (CBDC)</a>. The pro-XRP lawyer who is targeting to unseat U.S. Senator Elizabeth Warren has expressed concerns over government overreach and the potential threats a federally issued CBDC poses to personal financial freedom.&#34;A Hill to Die On&#34;In his interview with Generation Infinity, Deaton argues that a government-issued CBDC would give the government too much control over how people spend their money. He is determined to fight against this. He explained, &lt;blockquote&gt;“If there’s a CBDC used by the government to reduce friction with the banking system, that’s one thing. But a consumer-issued CBDC by the Federal Reserve? No, that’s a hill I&#39;m willing to die on to oppose.”&lt;blockquote&gt;Related: <a href="https://cryptotale.org/winklevoss-twins-donate-1m-in-bitcoin-to-support-crypto-advocate-john-deaton/" rel="noopener noreferrer nofollow">Winklevoss Twins Donate $1M in Bitcoin to Support Crypto Advocate John Deaton</a>Bridging the GapDeaton brought to notice the gap between lawmakers and tech innovations. He criticized <a href="https://cryptotale.org/senators-marshall-and-warrens-crypto-bill-stirs-debate-among-industry-leaders/" rel="noopener noreferrer nofollow">Senator Warren</a> for backing a bill that could ban Bitcoin and self-custody of crypto in the U.S.He said that many senators initially supported the bill without fully understanding its consequences. He then added that several have now withdrawn their support.<a href="https://cryptotale.org/john-deaton-opposes-us-federal-reserves-cbdc-plan/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

John Deaton Opposes US Federal Reserve's CBDC Plan

CryptoTale

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