Sen. Warren’s challenger scores cryptocurrency super PAC backing Many crypto proponents are donating money to boost attorney John Deaton’s chances to unseat Massachusetts Senator Elizabeth Warren on election day, according to Politico. Deaton, a political upstart, made a name for himself last year for his support for Ripple (XRP) and involvement in several landmark crypto cases.
The lawyer, who founded CryptoLaw, has been vocal about his disagreements with Warren and Gary Gensler, chair of the Securities and Exchange Commission (SEC), especially regarding their approach to crypto regulation.
In 2021, he sought to intervene in the SEC’s lawsuit against Ripple on behalf of XRP holders, arguing their interests were not adequately represented. In early 2024, Deaton moved to Massachusetts and registered as a Republican to take on Warren.
However, despite his significant involvement in crypto, Deaton has repeatedly stated that he is not running on crypto. He also didn’t mention digital assets in his original campaign announcement on Feb. 20
Deaton claims his decision to enter politics stems from a desire to address Warren’s policies directly.
Warren has been a vocal opponent of the crypto industry, advocating for stricter regulations, including measures against money laundering concerning digital assets.
Her stance has often sparked debates within the crypto community, with concerns that her policies could stifle innovation.
