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Crypto-friendly attorney John Deaton is making a notable entrance in his efforts to unseat Massachusetts Senator Elizabeth Warren from her position in Congress – at least in terms of fundraising.
John Deaton’s Campaign Fundraising
As reported by Eleanor Terret of Fox Business, the attorney-turned-senatorial candidate garnered $1.36 million for his campaign in Q1, surpassing Warren’s $1.1 million.
“As stated by his campaign, Deaton has attracted contributions from influential individuals in the crypto sector, including Ripple executives Brad Garlinghouse, Chris Larsen, Cameron and Tyler Winklevoss, Charles Hoskinson, Jameson Lopp, and Anthony Scaramucci,” Terret noted on X on Friday.
Politico indicates that donors such as Garlinghouse, Larsen, Scaramucci, and the Winklevoss twins contributed the maximum allowable amount of $6600 to his campaign.
NEW: According to the Federal Election Commission, @DeatonforSenate outperformed @SenWarren in the first quarter, with Deaton raising a total of $1.36M compared to Warren’s $1.1M.
His campaign reports that Deaton has secured donations from key figures in the #crypto industry…
— Eleanor Terrett (@EleanorTerrett) April 12, 2024
Deaton’s substantial, predominantly corporate funding aligns with Warren’s predictions, as she cautioned her supporters in February ahead of Deaton’s campaign launch. “I’m not intimidated, but this signifies we must gear up to compete against contributions from influential special interests, Wall Street, and the GOP,” she remarked at that time.
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Deaton’s involvement with the crypto sector is well-known. He is most recognized for representing 75,000 XRP holders in a lawsuit against the Securities and Exchange Commission (SEC) that concluded last year, largely favoring Ripple.
He has also criticized the SEC for its severe treatment of the crypto market in various other high-profile cases, including its dispute with Grayscale – the issuer of the world’s largest Bitcoin ETF. The outcome of that case ultimately compelled the SEC to permit Bitcoin spot ETFs to trade, a decision Elizabeth Warren vocally opposed.
Is Elizabeth Warren Worried?
In addition to crypto, Warren and Deaton hold starkly opposing views on numerous partisan issues: student loan forgiveness, the migrant crisis, and the Federal Reserve’s lenient monetary policy.
“I’ve defied the odds as an underdog my entire life, and I’m ready to do it once more. The only distinction this time is that the world will witness it,” Deaton expressed on X on Friday.
A friend of mine, a registered Democrat in Texas, recently contacted me to share that he has received several emails from @ewarren, mentioning me directly and labeling me a serious threat to her position. I reminded him that it’s not her seat, and I plan to reclaim it and…
— John E Deaton (@JohnEDeaton1) April 12, 2024
The post Crypto Lawyer John Deaton Is Outraising Elizabeth Warren In Election Campaign appeared first on Cryptonews.
