Republican

2024

Bitcoin

At the Bitcoin 2024 conference in Nashville yesterday, John Deaton, a Republican candidate for the U.S. Senate seat in Massachusetts, announced that 82% of his net worth is invested in Bitcoin.&nbsp; 
“I just disclosed to the Federal Election Commission that my net worth, 82% is in Bitcoin,” said Deaton, highlighting his commitment to cryptocurrency while addressing the audience. 
Deaton underscored his differing views from Senator Elizabeth Warren which he aims to unseat. He referenced a 2022 <a href="https://www.nbcnews.com/meet-the-press/video/sen-warren-when-you-buy-crypto-are-you-buying-air-136619589809" target="_blank" rel="noreferrer noopener nofollow">interview</a> in which Warren expressed support for a central bank digital currency (CBDC), illustrating a stark contrast in their perspectives on financial regulation and digital assets. 
As an active supporter of the cryptocurrency industry, Deaton has filed several amicus briefs in favor of crypto firms entangled in legal battles with the U.S. Securities and Exchange Commission. His advocacy has earned him substantial support within the crypto community. 
However, Deaton faces a challenging campaign. A <a href="https://projects.fivethirtyeight.com/polls/senate/2024/massachusetts/" target="_blank" rel="noreferrer noopener nofollow">YouGov poll</a> from May 30 indicated that Senator Warren holds a lead of more than 20 points over him.&nbsp; 
Adding to the competition, Senator Cynthia Lummis of Wyoming, a well-known crypto advocate, has recently <a href="https://www.cryptotimes.io/2024/07/09/sen-lummis-endorses-ian-cain-over-john-deaton-in-massachusetts-senate-race/" target="_blank" data-type="link" data-id="https://www.cryptotimes.io/2024/07/09/sen-lummis-endorses-ian-cain-over-john-deaton-in-massachusetts-senate-race/" rel="noreferrer noopener">endorsed another Republican candidate, Ian Cain</a>, for the Massachusetts Senate seat.&nbsp; 
Deaton, Cain, and engineer Robert Antonellis will compete in the Massachusetts Republican primary on September 3. The winner of this primary will go on to face Senator Warren in the general election on November 5. 
Nevertheless, Deaton’s campaign has received backing from influential figures in the crypto industry. In July, Ripple donated $1 million to the Commonwealth Unity Fund political action committee to support Deaton’s bid against Warren. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/07/28/sen-lummis-proposes-u-s-to-buy-5-of-global-bitcoin-supply/" target="_blank" rel="noreferrer noopener">Sen. Lummis Proposes U.S to Buy 5% of Global Bitcoin Supply</a> 
</blockquote>

“82% of My Net Worth is in Bitcoin”—XRP Lawyer John Deaton

The Crypto Times

Ďalšie články zverejnené 28. 7. 2024

Compound Finance proposals elicit ‘governance attack’ allegations

Market Analysts Predict a 2000% Increase for Ripple (XRP), Yet Cybro Could Deliver Double the Ret...

TRON Leads Blockchain Payments with USDT Dominating Transactions

Ripple Partner SBI Holdings & Franklin Templeton Partnership: Could Spot XRP ETFs Be Next?

Chainlink’s Head-and-Shoulders Pattern: Is a Rally to $19 on the Horizon?

Mt. Gox Creditors See More Payouts as Bitstamp Distributes BTC

Pripojte sa k nášmu bezplatnému bulletinu a získajte denné aktualizácie kryptomien!