Many crypto enthusiasts are supporting attorney John Deaton’s bid to challenge Massachusetts Senator Elizabeth Warren in the upcoming election, according to Politico. Deaton gained recognition for his advocacy for Ripple (XRP) and involvement in significant crypto legal cases. He founded CryptoLaw and has been vocal about his disagreements with Warren and Gary Gensler, Chair of the SEC, on crypto regulations.
Deaton aimed to intervene in the SEC’s lawsuit against Ripple in 2021 on behalf of XRP holders, citing inadequate representation of their interests. In early 2024, he moved to Massachusetts and registered as a Republican to challenge Warren. Despite his crypto background, Deaton clarified that his campaign is not solely focused on crypto.
Warren has been a vocal critic of the crypto industry, pushing for stricter regulations, sparking debates within the community. A recent Boston.com poll showed that 57% of respondents believed Deaton or another Republican challenger could defeat Warren in the election, highlighting growing support for Deaton within the crypto community.
Notable figures like Ripple CEO Brad Garlinghouse, billionaire Mark Cuban, and Chamber of Digital Commerce founder Perianne Boring have endorsed Deaton, contributing to his campaign. The influx of donations from crypto PACs reflects a broader effort to support candidates aligned with the industry’s interests, with Warren being a key target due to her anti-crypto stance.
Crypto PACs have actively supported candidates in recent primary contests, with significant funding allocated to campaigns aligned with the crypto industry’s interests. Despite Warren’s popularity, recent elections have shown a shift in support towards digital asset-friendly candidates and their opponents.