Pro-crypto attorney, John Deaton, has successfully clinched the nomination for the Massachusetts U.S. Senate seat. After winning the primary election, Deaton is set to compete against Democratic Senator, Elizabeth Warren, in the upcoming general election this year.
John Deaton, a prominent attorney who has been vocal in his support of Ripple and its digital currency, XRP, emerged victorious over two other Republican candidates in the primary election. According to reports from the Associated Press, he led with a significant lead of 64%, with about 91.7% of the votes tallied when this news was released.
John Deaton will face off against Elizabeth Warren
Deaton is set to compete against Senator Elizabeth Warren in the November election. Warren is a familiar detractor of the cryptocurrency sector’s initiatives.
From winning two Senate seats in the past to persistently denouncing crypto progress and associating the technology, with societal issues, Warren is now aiming for her third term without any Democratic opposition.
Warren has expressed disapproval of the cryptocurrency sector by accusing it of enabling illegal activities and suggesting laws to limit its expansion growth. Her role as a member of the Senate Banking Housing, and Urban Affairs Committee has intensified her contentious stance, towards digital currencies.
Deaton’s crypto-driven campaign raises $1.7 million
Deaton’s Senate campaign has attracted substantial financial backing from prominent figures in the cryptocurrency world. Some of his top donors included Ripple executives – Chris Larsen and Brad Garlinghouse, Gemini founders – Cameron and Tyler Winklevoss, SkyBridge Capital founder – Anthony Scaramucci, Cardano co-founder – Charles Hoskinson, and Kraken co-founder – Jesse Powell.
According to Federal Election Commission records, as of July 31, Deaton had raised roughly $1.7 million in his Senate bid.
Recent reports have also uncovered that Deaton’s significant wealth is tied to Bitcoin and other cryptocurrencies. Fox Business reporter Eleanor Terrett mentioned that 80% of Deaton’s net worth is put into Bitcoin and its related investments—potentially setting him apart as one of the biggest cryptocurrency holders among today’s elected officials and candidates.
While addressing his supporters after Tuesday’s primary election, Deaton said he is ready to enter the campaign’s next phase to hold Senator Warren accountable for policies he believes have stifled innovation and increased financial burdens on American families.
