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Pro-XRP lawyer and founder of CryptoLaw John Deaton reportedly has a large holding of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP.
<h2 id="john-deaton-in-race-against-sen-warren">John Deaton In Race Against Sen. Warren</h2>
Noteworthy, John Deaton is running against Senator <a href="https://coingape.com/tag/elizabeth-warren/" rel="noopener noreferrer nofollow">Elizabeth Warren</a> for a Senatorial position in Massachusetts. He is with the Republican party while Warren belongs to the Democrats faction.
On X, FOX Business reporter Eleanor Terrett asked if Deaton is the candidate or potential elected official with the largest Bitcoin holding. The reporter noted that his recent financial disclosures confirmed that about 80% of his net worth is in BTC and other BTC-related investments.
<blockquote class="twitter-tweet">
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">SCOOP: Is Massachusetts Senate candidate <a rel="noopener noreferrer nofollow" href="https://twitter.com/JohnEDeaton1?ref_src=twsrc%5Etfw">@JohnEDeaton1</a> the biggest holder of <a rel="noopener noreferrer nofollow" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> of any elected official/candidate? His recent financial disclosures show that around 80% of his net worth is in <a rel="noopener noreferrer nofollow" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> or <a rel="noopener noreferrer nofollow" href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> related investments. He also owns <a rel="noopener noreferrer nofollow" href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, <a rel="noopener noreferrer nofollow" href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> and <a rel="noopener noreferrer nofollow" href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a>.
 — Eleanor Terrett (@EleanorTerrett) <a rel="noopener noreferrer nofollow" href="https://twitter.com/EleanorTerrett/status/1816177444992274716?ref_src=twsrc%5Etfw">July 24, 2024</a>
</blockquote>
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Deaton also owns ETH, SOL and XRP. It is not entirely surprising that the attorney holds this much crypto especially Bitcoin. He is a core advocate for cryptocurrencies and this earned him the support he has enjoyed so far in preparation for the election.
To answer Terrett’s question, there is likely no candidate with a larger crypto holding. Senator Warren barely wants to hear of the term “crypto.” For most of her time in office, she put in effort and resources to pull down the digital asset ecosystem in the United States. She is not even likely to own any crypto.
<h2 id="deaton-receives-support-to-defeat-warren">Deaton Receives Support to Defeat Warren</h2>
Notably, John Deaton is keen on winning this election against Senator Warren and many crypto industry players including <a href="https://coingape.com/xrp-news-ripple-donates-million-to-unseat-senator-warren-and-elect-john-deaton/" rel="noopener noreferrer nofollow">Ripple</a>, have given their support. <a href="https://coingape.com/breaking-winklevoss-twins-donate-1m-to-deaton-to-unseat-senator-warren/" rel="noopener noreferrer nofollow">Gemini</a> co-founders Cameron and Tyler Winklevoss each contributed $500,000 worth of Bitcoin to Deaton’s political campaign to defeat Senator Warren.
The reason for this support is not far-fetched. Senator Warren is anti-crypto and may utilize her position to further crackdown on the United States crypto sector. Therefore, the <a href="https://coingape.com/tag/winklevoss-brothers/" rel="noopener noreferrer nofollow">Winklevoss twins</a> believes it is wise to elect a candidate that has the cryptocurrency sector at heart and supports their business-friendly vision.
“John Deaton is an American hero; Elizabeth Warren is not. John Deaton is a pro-Bitcoin, pro-crypto, and pro-business candidate; Elizabeth Warren is not. She is a lawmaker who can’t pass a law. She is a celebrity over results. Politician over leader. Form over substance,” Tyler Winklevoss said.
Even Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), and Martin Gruenberg, the head of the FDIC, are allegedly under Warren’s influence.
Read More: <a href="https://coingape.com/anthony-scaramucci-predicts-kamala-harris-to-fire-us-sec-chair-gary-gensler/" target="_blank" rel="noopener noreferrer nofollow">Anthony Scaramucci Predicts Kamala Harris To Fire US SEC Chair Gary Gensler</a>
The post <a href="https://coingape.com/john-deaton-reveals-over-80-btc-eth-and-xrp-holdings/" rel="noopener noreferrer nofollow">XRP Lawyer Deaton Reveals Unexpected BTC, ETH and XRP Holdings</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

XRP Lawyer Deaton Reveals Unexpected BTC, ETH and XRP Holdings

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