John Deaton Says Now Is the Most Bullish Time for Cryptocurrencies

John Deaton, a Bitcoin advocate who once ran for Massachusetts senator, stated that now is the most bullish time for cryptocurrencies.

Jakarta, pintunews – John Deaton, a Bitcoin advocate who previously ran for Massachusetts senator, recently highlighted the most bullish time for cryptocurrencies. In a recent interview, Deaton touched upon several key regulatory changes that could have a significant impact on the crypto market.

According to Deaton, the previous administration’s policies were largely anti-crypto, but the current administration is committed to making the United States the crypto center of the world. With a more supportive regulatory approach and a focus on consumer protection, Deaton predicts that we'll see "explosive growth" in the crypto industry.

One area of interest for Deaton is consumer protection, especially in relation to exchange bankruptcy. He hopes that the new rules will ensure that user funds remain safe and are not used to pay creditors in the event of bankruptcy.

"The administration, in its infinite wisdom, decided that we're going to have a budget-neutral strategy for government ownership of Bitcoin. What does that mean? Well, the government can't print money or issue debt to buy Bitcoin. But what they can do is, through federal payments and contracts with Bitcoin service providers, they can accept Bitcoin in payment for goods and services, and they can use their purchasing power to create demand for Bitcoin," Deaton explained.

This move, according to Deaton, will further strengthen Bitcoin's status as a national strategic asset.

However, Deaton acknowledges that the crypto market is still being affected by macroeconomic factors, such as the newly-imposed trade tariffs and the government's interest rate policy.

"I think we'll see the crypto market really start to heat up towards the end of the year. We're still dealing with some macroeconomic headwinds, like the administration imposing trade tariffs on several products from China, which I personally think is a mistake, and the government cutting interest rates. I believe they'll cut interest rates three times this year, which will decrease liquidity in the market and hamper investment growth in crypto."

Eleanor Terrett, a journalist and host of Crypto in America, agrees with Deaton that political changes, especially after the new administration took over, have altered the course of crypto regulation.

"We're really at a turning point. I think it depends on who you ask. There are a lot of crypto investors and companies who are hoping for more clarity and specific rules from the regulators. They want to be able to invest and operate with transparency and safety."

One of the major changes Deaton has observed is the Securities and Exchange Commission (SEC) shifting its attitude towards crypto since Gary Gensler left office. He noted that several investigations into crypto companies such as Gemini and Robinhood have been halted, even though they had previously received legal warnings from the SEC.

"It appears that the SEC has ceased its investigations into Gemini and Robinhood, and they're no longer planning to file any charges. We're also hearing rumors that the SEC is likely to reach an agreement with Ripple regarding the pending lawsuit."

Deaton mentioned that there have been many conversations regarding a settlement that would end the litigation between the SEC and Ripple.

On the other hand, Deaton denied rumors circulating in the crypto community regarding the SEC that is said to have released a list of crypto assets that fall under the category of strict regulation, including XRP, ADA, and SOL.

"There's been a rumor circulating that the SEC has secretly created a list of crypto assets subject to regulation, and allegedly, XRP, ADA, and SOL are on that list. However, I want to emphasize that there is no official statement from the SEC about such a list."

Deaton emphasized the importance of verifying information and not easily believing in misleading messages in the crypto community.

"Always remember to check the source and be critical of the information you encounter online. In today's digital age, it's crucial to stay vigilant and ensure that the news or messages you come across are from credible and verified sources."

With more favorable regulatory changes and possible interest rate cuts, many are optimistic that the crypto market will experience rapid growth in the near future. Both Bitcoin and other digital assets could benefit from clearer policies and better protection for investors.

While challenges remain, the SEC’s shifting attitude and more crypto-friendly government policies are giving positive signals for the future of the industry. If this trend continues, crypto could become a more integrated part of the global financial system.

Also Read: Bitcoin Miner Sales Still High, On-Chain Data Reveals Bearish Trend (3/19/25)

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