Politico reports that a large number of cryptocurrency supporters are contributing money to increase lawyer John Deaton's prospects of defeating Massachusetts Senator Elizabeth Warren on election day.
The political newcomer Deaton gained notoriety last year for his advocacy of Ripple (XRP) and participation in multiple historic cryptocurrency lawsuits.
The attorney, who started CryptoLaw, has openly expressed his differences with Warren and the Securities and Exchange Commission (SEC) chief Gary Gensler, particularly with regard to how they see regulating cryptocurrencies.
He attempted to intervene on behalf of XRP holders in the SEC's action against Ripple in 2021, claiming their interests were not sufficiently represented. To challenge Warren, Deaton relocated to Massachusetts at the beginning of 2024 and enrolled as a Republican.
Nevertheless, Deaton has always declared that he is not running on cryptocurrency, even with his substantial experience in the space. Additionally, in his initial campaign statement on February 20, he made no mention of digital assets (see below).
First, it was schoolyard bullies, then it was greedy corporations and the SEC, and now I am taking on the Washington elites. Click Here
— John E Deaton (@JohnEDeaton1) February 20, 2024
Deaton says he decided to go into politics because he wanted to directly challenge Warren's policies.
Warren has been a prominent critic of the cryptocurrency sector, pushing for more stringent laws that prohibit the laundering of money obtained through the use of digital assets.
Concerns that her policies might impede innovation have frequently prompted discussions about her position within the cryptocurrency community.
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