Elon Musk And Coinbase CEO Brian Armstrong Back Pro-Crypto John Deaton In Senate Showdown With Elizabeth Warren

Updated: 22 October 2024

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Tech billionaire Elon Musk and Coinbase CEO Brian Armstrong have thrown their support behind pro-crypto political newcomer John Deaton as he goes head-to-head against Elizabeth Warren for a Senate seat.

The Coinbase CEO wrote in an Oct. 21 post on X that Massachusetts residents should vote for Republican Deaton, and Musk replied with a a tweet of his own that said ”Yes.”

Coinbase CEO Says Senator Elizabeth Warren Is “Anti-Freedom”

Armstrong told his followers on X that Democrat Warren was the person responsible for the current US Securities and Exchange Commission (SEC) Chair Gary Gensler getting hired, and then encouraged him ”to (unlawfully) try and kill the crypto industry.”

Agreed – Massachusetts residents should vote for @JohnEDeaton1

Crypto holders in MA should realize @SenWarren is the one who got Gary Gensler his job and encouraged him to (unlawfully) try and kill the crypto industry in America. Luckily they did not succeed as we and others… https://t.co/uLcBzIXyTV

— Brian Armstrong (@brian_armstrong) October 21, 2024

Armstrong went on to say that Warren “is anti-freedom,” and thinks “the government should run all financial services.” He concluded his post by criticizing Warren for the “enormous” harm she has done to America.

Elon Musk Supports Trump To Protect Freedom Of Speech

Musk has also publicly endorsed former US president Donald Trump at a recent election rally. This comes after Trump made several bullish promises related to the digital asset space, including his claim that he will make America “the crypto capital of the world” if elected.

ELON AT TRUMP’S RALLY: FULL VIDEO AND TRANSCRIPT

"Hi everyone.

As you can see, I'm not just MAGA, I'm dark MAGA.

First of all, I want to say what an honor it is to be here.

You know, the true test of someone's character is how they behave under fire.

And we had one… pic.twitter.com/WIPY6yKsdr

— Mario Nawfal (@MarioNawfal) October 6, 2024

During his appearance at Trump’s campaign rally, Musk said that Democrats want to take away American citizens’ freedom of speech, as well as their right to bear arms and the right to vote.

After Musk announced his endorsement of Trump, the former president’s odds on Polymarket rose. Currently, bettors on the platform see a 64.1% chance that he will win the election. Meanwhile, bettors give Harris a 36.2% chance of taking the White House.