John Deaton formally entered the race to problem Sen. Elizabeth Warren (D-MA) for her seat in Congress yesterday.
“I am excited to battle for change,” Deaton stated in a put up on X. The brand new candidate is most well-known for his function as a pro-crypto lawyer within the SEC’s battle in opposition to Ripple. The corporate obtained a partial ruling in its favor final yr, however the case is not over but.
In response to Deaton coming into the race, Warren despatched her supporters an e-mail asking that they donate so she will be able to “preserve combating within the Senate.” She claimed within the e-mail that her stance in opposition to “crypto scams” has made her the goal of crypto lobbyists, however she is “not afraid” to take this new problem on.
https://x.com/EleanorTerrett/status/1759700615788118168?s=20
A 2023 UMass ballot discovered that 55% of Massachusetts voters approve of the job that Elizabeth Warren is doing. The democrat has held her seat since she received it in 2012, after defeating Scott Brown. Whereas she has nearly all of the general public’s help, the crypto group have largely been in opposition to her.
“Warren is the driving drive behind the anti-crypto military,” Perianne Boring, founder and CEO of blockchain commerce affiliation Chamber of Digital Commerce advised Decrypt. “She is the lead sponsor of the Digital Asset Anti-Cash Laundering Act, which is a backdoor ban on crypto within the US. Eradicating Warren from energy would completely result in a extra pro-crypto political panorama within the US.”
John Deaton will probably be working as a Republican Get together member however might want to beat out 4 different contenders for the GOP nomination earlier than he is formally on the poll in opposition to Elizabeth Warren. Massachusetts Republicans and Democrats will maintain their U.S. Senate primaries on September third.
https://twitter.com/DeatonforSenate/status/1759935884978225340
Is Deaton Massachusetts’ Crypto Candidate?
As a candidate, Deaton has branded himself as a father, most cancers survivor, and U.S. marine veteran. However what the crypto group is aware of himl for is his function within the SEC lawsuit in opposition to Ripple.
Again in 2020, the SEC filed a lawsuit in opposition to Ripple claiming that it was promoting XRP as an unregistered safety. This lawsuit had vital implications for Ripple, XRP holders, and the broader crypto market.
“John stepped into that battle on behalf of 75,000 XRP token holders who had been negatively impacted by the SEC’s go well with in opposition to Ripple.” Crypto prison protection lawyer Carlo D’Angelo advised Decrypt. “Thanks partly to John’s efforts, the court docket finally dominated in June of 2023 that gross sales of XRP tokens on secondary markets didn’t represent securities choices.”
Because of this, the XRP Military has come out in full help for John Deaton as a U.S. Senate candidate. “[I’m] rooting for Deaton regardless that I’m a Dutch citizen,” one X person stated.
https://twitter.com/XRPcryptowolf/status/1760026345633894444
Deaton’s supporters aren’t restricted to diehard XRP followers although. The broader crypto group have additionally embraced his announcement as a consequence of frustrations with Elizabeth Warren’s “anti-crypto” affect.
“There’s a rising motion in Congress to primarily overregulate crypto into extinction. They proceed to push a extensively debunked narrative that crypto’s solely use-case is to facilitate fraud and cash laundering.” D’Angelo stated, “John is a vastly revered determine within the pro-crypto motion who has by no means been afraid to face up for customers and push again in opposition to authorities overreach.”
Decrypt reached out to Elizabeth Warren and John Deaton for remark, however didn’t instantly get a response from both marketing campaign.
Edited by Stacy Elliott.