Bitcoin advocate who took on Elizabeth Warren says ‘now is the most bullish time’ for crypto’

He stressed that the anti-crypto base failed, seeing how Trump’s administration is committed to making the US the crypto capital of the world.

John Deaton hopes the Feds will effect more consumer protection policies

Deaton even discussed the new crypto strategic reserve, claiming that digital assets have now graduated from being a mere asset class to national assets, which he says would have been impossible a couple of years back.

Contrary to many in the crypto industry, he justified the government’s decision to settle for budget-neutral strategies for Bitcoin acquisitions.

He argued that while the government cannot issue debt or print dollars to buy Bitcoin, it could still hold the asset through federal and Bitcoin contractor payments. He insisted that there are many ways the Feds could achieve budget neutrality and still hold more Bitcoin

Deaton also believes this is the most bullish time for crypto, anticipating stablecoin regulation changes. He hopes the government will implement more consumer protection policies, such that in case of exchange bankruptcies, users’ funds are not subject to payments to creditors; instead, they are protected and returned to their rightful owners.

He claimed that the crypto market may experience a “significant increase” by the end of the year, and now there’s just a slight suppression due to macroeconomic factors like the recently imposed tariffs.

He also expects the Federal government to cut interest rates, probably by even three times, which he says will inject liquidity into the market.

Eleanor Terrett, journalist and host of Crypto in America, seems to agree with Deaton that the political narrative on crypto has shifted, especially after Trump took office. She’s most interested in the regulatory discussions, saying both companies and investors need clarity on what they’re engaging with.

Deaton says SEC is shifting toward a pro-crypto stance

Aside from presidential policy, Deaton also believes the Securities and Exchanges Commission has taken a pro-crypto stance since Gary Gensler left.

He argued that the commission has ended multiple investigations of crypto companies like Gemini and Robinhood despite most of these companies having received Wells Notices under the previous administration.

He also believes that the SEC will come to an agreement with Ripple as soon as possible. “There’s a lot of chatter that SEC and Ripple are close to a resolution that’s going to settle all of that litigation,” he said.

In other news, Deaton disputed a baseless rumor spreading through the crypto community about the SEC. The misleading report suggested that the SEC had issued a clarification naming the cryptocurrencies at issue—XRP, ADA, and SOL—for future positions in the U.S. government.

Deaton took to X to address the misinformation, warning the crypto community not to fall for such deceptive narratives. “EVERYONE: The @SECGov did not release any such thing,” he wrote, emphasizing that the regulatory agency had not issued such a classification.

Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More