Republican

Donald Trump

<ul>
 <li><strong>John Deaton, the pro-XRP lawyer and founder of CryptoLaw, reportedly holds 80% of his personal wealth in Bitcoin and other crypto, making him among the most bullish politicians in America.</strong></li>
 <li><strong>Deaton is vying for the Massachusetts Senate seat against incumbent Elizabeth Warren, who has held it for a decade and whose crypto stance couldn’t be more contrasting.</strong></li>
</ul>
<p>Cryptocurrency will be a key issue in the upcoming US elections, with <a href="https://www.crypto-news-flash.com/bitcoin-price-explodes-to-68000-as-donald-trump-might-use-btc-as-strategic-reserve-for-the-u-s/" rel="noopener noreferrer nofollow">pro-crypto Donald Trump</a> squaring off against Kamala Harris, under whose tenure as Vice President, crypto has been pushed to the wall. However, there’s no political war where crypto is much more central than in the race to clinch the Massachusetts Senate seat where the leader of <a href="https://www.crypto-news-flash.com/bitcoin-and-xrp-holders-at-risk-new-bill-from-elizabeth-warren-demands-regulatory-kyc-for-wallets-miners-wallet-providers-and-others/" rel="noopener noreferrer nofollow">anti-crypto movements</a> in Congress, Elizabeth Warren, battles against John Deaton, one of the most pro-crypto politicians in the country.</p>
<p>Deaton is well-known in the XRP ecosystem as one of the <a href="https://www.crypto-news-flash.com/john-deaton-blasts-sec-and-warren-xrp-price-updates-and-regulatory-missteps/" rel="noopener noreferrer nofollow">most tireless supporters of Ripple</a> in its fight against the &nbsp;SEC. He now vies for the Senate seat on a Republican ticket against Warren, a staunch Democrat who has held the seat since 2013.</p>
<p>FOX Business reporter Eleanor Terrett recently revealed that Deaton walks the talk and has been holding most of his wealth in crypto. She <a href="https://twitter.com/EleanorTerrett/status/1816177444992274716?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">tweeted</a>:</p>
<blockquote>
 <p>Is Massachusetts Senate candidate John Deaton the biggest holder of Bitcoin of any elected official/candidate? His recent financial disclosures show that around 80% of his net worth is in&nbsp;BTC&nbsp;or&nbsp;BTC-related&nbsp;investments. He also owns&nbsp;ETH, SOL and&nbsp;XRP.</p>
</blockquote>
<h3 id="the-crypto-election">The Crypto Election</h3>
<p>The Massachusetts Senate seat is critical for cryptocurrencies. Not only would it introduce one of the most pro-crypto voices in Washington, but it would also get rid of one of the biggest sceptics.</p>
<p>This has made Deaton popular with the crypto elites, many of whom are donating generously to help him outfox one of the key leaders of the Democratic Party, which would be no mean feat. Ripple, a company which has received overwhelming support from Deaton in its legal fight with Gensler, is among the biggest donors.</p>
<p>Earlier this month, the California company <a href="https://www.foxbusiness.com/politics/ripple-backs-marine-veteran-pro-crypto-lawyer-battle-elizabeth-warrens-senate-seat" rel="noopener noreferrer nofollow">donated</a> $1 million to the Commonwealth Unity Fund, Deaton’s super PAC. In their personal capacities, XRP founder Chris Larsen and Ripple CEO Brad Garlinghouse donated $6,600 each to Deaton, the maximum individual donation limit.</p>
<p>Meanwhile, XRP trades at $0.6031, dipping 4.4% in the past day amid a broader market rout.</p>
<div class="cryptoboxes" id="mcw-345586" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="xrp" data-symbol="XRP" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
<p>Beyond Deaton, the cryptocurrency community is beefing up its support for pro-crypto candidates and donating millions to oust anti-Bitcoin lawmakers. This week, it emerged that Fairshake, a pro-crypto super PAC, has become the largest fundraiser this election cycle, with over $200 million—more than Trump’s Make America Great Again super PAC.</p>
<p>Some of the biggest cryptocurrency firms have donated generously. Ripple leads at $50 million, split in two payments, with Coinbase and crypto investor a16z also donating $25 million each.</p>
<p>“We, along with others in the industry, have helped fund Fairshake SuperPAC to help elect pro-crypto candidates and defend the rights of our customers,” Coinbase said while making the donation.</p>

Pro-Ripple (XRP) Lawyer Holds 80% of Net Worth in Bitcoin, ETH and XRP

Mục lục

Crypto News Flash

Các bài viết khác được xuất bản trên 25 thg 7, 2024

Galaxy Raises $113M for Crypto Venture

Russia Legalizes International Payments in Bitcoin

Spot Ethereum ETFs Generate $951 Million in Volume on Day 2

Ethereum ETFs Shape Crypto Market

Riot Platform buys Kentucky-based Block Mining for $93M

OKX Jumpstart to List Matr1x (MAX) Token on July 29

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!