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- Ripple CEO, Elon Musk, and Coinbase’s Brian Armstrong have endorsed John Deaton.
- Garlinghouse accused Warren of spreading misinformation about crypto.
- Deaton’s campaign marks a turning point in the crypto industry’s relationship with US regulators.
John Deaton, a pro-crypto lawyer and challenger against US Senator Elizabeth Warren, is gaining back to back support of key inflation industry leaders. Ripple CEO, Brad Garlinghouse, is the fresh addition to this tally. However, Deaton has been a key player involved in the long running tussle between Ripple and the Securities and Exchange Commission (SEC).
Earlier, Elon Musk threw his support behind Deaton in his Senate run. His support came after Coinbase CEO Brian Armstrong urged Massachusetts voters to back the pro-crypto candidate and called Warren’s policies harmful to the industry.
Garlinghouse slams Warren
Ripple CEO in an X post highlighted that Deaton has been a relentless advocate for the XRP Army (aka XRP Family) and the entire crypto industry. This might be the first time that Garlinghouse has socially addressed the matter, linking it with the XRP.
Garlinghouse alleged that Sen. Warren has spread misinformation and lies about crypto and he enthusiastically and wholeheartedly endorses the pro-XRP lawyer in his run for Senate. He urged citizens to donate to his campaign whether it’s $10 or $100. Meanwhile, He accepted that he had also donated funds to the campaign but didn’t mention the actual amount.
He shared a post where Deaton stated that they need to get back to a place where we can take our politicians for their word. The pro-XRP lawyer took shots at Warren stating that it’s a sad state that the Senator thinks that she can stand on the debate stage and lie to the American people to get elected.
We have got to get back to a place where we can take our politicians for their word. It’s a sad state that @senwarren thinks I can stand on the debate stage and lie to the American people to get elected, but then change my mind as soon as I get to DC. She’s part of the broken… pic.twitter.com/PTnINNICB5
— John Deaton (@DeatonforSenate) October 22, 2024
Deaton alleged that Warren is a part of the broken Washington system that uses that playbook and this is why she is lying about the records.
Musk, crypto leaders back Deaton
Elon Musk, who is openly supporting Donald Trump in the Presidential elections, also endorsed John Deaton on social media. Coinbase CEO Armstrong labeled Warren “anti-freedom” and claimed she’s crippled the US crypto space by championing SEC chair Gary Gensler and pushing anti-crypto legislation.
— Elon Musk (@elonmusk) October 21, 2024
To this Musk posted a simple, but resounding “Yes” and signaled his disapproval of Warren’s anti-crypto stance. The billionaire is all in for Deaton’s fight to replace one of the industry’s biggest critics.
With big names like Musk, Garlinghouse, and Armstrong on board, this could signal a turning point in crypto’s relationship with US regulators. The 2024 elections are turning out to be crucial for the future of digital assets in the region.
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Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Ashish Kumar
Ashish Kumar is a crypto and financial journalist with eight years of newsroom experience. He covers what’s happening with crypto markets, regulation, DeFi, and exchange ecosystems. He has worked with Coingape, Todayq, and Newsroompost. Ashish holds a PGDP in English Journalism from the IIMC. He has also interviewed industry figures including Arthur Hayes, Yat Siu, Austin Federa, and more.
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