John Deaton crypto supporters help outraise Warren in the Senate election
Leading cryptocurrency backers of John Deaton’s Senate campaign in the previous quarter included officials from Ripple, Gemini, and Kraken. Over the first quarter of this year, pro-crypto attorney John Deaton outraised Senator Elizabeth Warren in his attempt to win her Senate seat, raising $1.36 million as opposed to Warren’s $1.09 million.
Deaton’s top donors are a who’s who of the cryptocurrency world, including Chris Larsen and Brad Garlinghouse of Ripple, Cameron and Tyler Winklevoss of Gemini, Anthony Scaramucci of SkyBridge Capital, Charles Hoskinson of Cardano and Ethereum, and Jesse Powell of Kraken.
Preliminary reports with the US Federal Election Commission (FEC) reveal that Deaton’s backers had given him around $360,700 in total for Q1 2024, on top of the $1 million he lent to his campaign.
Warren, on the other hand, claimed to have raised little under $1.09 million from donations alone.Deaton gained notoriety for standing out for the rights of XRP holders in the Securities and Exchange Commission’s legal battle against Ripple.He declared his intention to run as a Republican against the 11-year Democratic Party incumbent for Warren’s Senate seat from Massachusetts in February.
Warren has been fighting cryptocurrency for a long time, and some of her opponents argue that she has presented measures that would “level the playing field” between cryptocurrency and traditional financial systems, therefore causing investment and innovation to leave the United States.Scaramucci, the Winklevoss twins, Larsen and Garlinghouse of Ripple, and Scaramucci were among the major individual contributors to Deaton.
They each contributed the maximum $6,600, or $3,300 to the respective primary and general election campaigns.Hoskinson of Cardano, Powell of Kraken, and Jameson Lopp, the creator of Casa wallet, all contributed $3,300 to Deaton’s main campaign challenge, as did Stuart Alderoty, the head of Ripple’s legal department.
On November 5, 34 of the 100 Senate seats will be up for grabs, along with all 435 House seats and the presidency. Former President Donald Trump and President Joe Biden are expected to square off once more in these elections.