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Pro-crypto lawyer <a href="https://insidebitcoins.com/news/pro-crypto-lawyer-john-deaton-to-challenge-elizabeth-warren-in-massachusetts-senate-race" rel="noopener noreferrer nofollow">John Deaton</a> has raised more funds than Senator Elizabeth Warren in the first quarter of this year in his bid to take her Senate seat as crypto industry titans back the lawyer’s campaign.
Big names in the crypto space including Ripple executives Chris Larsen and Brad Garlinghouse, Gemini founders Cameron and Tyler Winklevoss, and SkyBridge Capital founder Anthony Scaramucci are among the lawyer’s biggest donors.
 Cardano and Ethereum co-founder Charles Hoskinson and Kraken co-founder Jesse Powell have also stepped in to support Deaton in his quest.&nbsp;
Overall, Deaton has raised around $1.36 million in the first quarter, which trumps the $1.09 million Warren managed to <a href="https://docquery.fec.gov/cgi-bin/forms/C00500843/1770752/" rel="noopener noreferrer nofollow">raise</a> during the same period.<img decoding="async" src="https://thehill.com/wp-content/uploads/sites/2/2024/02/Untitled00086434-1.jpg?strip=1" alt="Cryptocurrency advocate John Deaton launches Warren challenge | The Hill">
<h2 id="span-style-font-weight-400-crypto-giants-back-john-deaton-by-making-some-of-the-biggest-contributions-span">Crypto Giants Back John Deaton By Making Some Of The Biggest Contributions</h2>
Still, Warren received more funding from donors than Deaton. Donors gave her just under $1.09 million, while Deaton received $360,700 from his backers.
 The rest of Deaton’s funds came from $1 million he loaned to his campaign, according to <a href="https://docquery.fec.gov/cgi-bin/forms/C00870337/1770480/" rel="noopener noreferrer nofollow">preliminary filings</a> to the United States Federal Election Commission (FEC).
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 First, it was schoolyard bullies, then it was greedy corporations and the SEC, and now I am taking on the Washington elites. <a href="https://t.co/XxW0M7kkw9" rel="noopener noreferrer nofollow">https://t.co/XxW0M7kkw9</a> <a href="https://t.co/adJVbz4tyn" rel="noopener noreferrer nofollow">pic.twitter.com/adJVbz4tyn</a>
 — John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1759950501855088912?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 20, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Ripple’s Larsen and Garlinghouse, the Winklevoss twins and Scaramucci were Deaton’s largest individual contributors. Each made the maximum donation of $6,600, which is split into half between the primary and general election bids.&nbsp;
 Meanwhile, Hoskinson, Powell, Ripple’s chief legal officer Stuart Alderoty and Casa wallet founder Jameson Lopp each contributed $3,300 towards Deaton’s primary campaign challenge.
<h2 id="span-style-font-weight-400-deaton-s-rise-to-prominence-span">Deaton’s Rise To Prominence</h2>
Ripple executives’ support for Deaton follows the lawyer’s rise to prominence when he <a href="https://insidebitcoins.com/news/heres-when-the-ripple-v-sec-lawsuit-may-end-updates-from-pro-xrp-lawyer-john-deaton" rel="noopener noreferrer nofollow">defended</a> XRP holders’ interests in Ripple’s legal battle with the Securities and Exchange Commission. In February, he announced that he will be running against Warren, who has held office for 11 years.
While Deaton has supported the crypto market, Warren has long campaigned against crypto. She also <a href="https://insidebitcoins.com/news/elizabeth-warren-introduces-bill-to-crack-down-on-cryptos-illicit-use" rel="noopener noreferrer nofollow">introduced bills</a> that supposedly “level the playing field” between the crypto and traditional financial markets.
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John Deaton Outraises Elizabeth Warren With Support from Crypto Titans Ripple, Cardano, and Gemini in Senate Seat Showdown

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Inside Bitcoins

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