When it comes to raising money, cryptocurrency-friendly lawyer John Deaton is off to a great start in his effort to unseat Massachusetts Senator Elizabeth Warren from her position in Parliament.
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Campaign Fundraising for John Deaton
Eleanor Terret of Fox Business reported that the lawyer-turned-senate candidate raised $1.36 million in Q1 for his campaign, while Warren only raised $1.1 million.
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“Notable figures in the cryptocurrency space, including Ripple executives Brad Garlinghouse, Chris Larsen, Cameron and Tyler Winklevoss, Charles Hoskinson, Jameson Lopp, and Anthony Scaramucci, have contributed to Deaton’s campaign,” Terret wrote to X on Friday.
Politico claims that donors to his campaign, including the Winklevoss twins, Garlinghouse, Larsen, and Scaramucci, contributed the maximum $6600.
Warren foresaw Deaton’s substantial, primarily corporate funding when she cautioned her followers in February ahead of Deaton’s announcement of her candidacy. At the time, she stated, “I’m not afraid, but this means we need to get ready to compete against funding from powerful special interests, Wall Street, and the GOP.”
It’s no secret that Deaton has a history in the crypto space. The lawsuit he most famously represented 75,000 holders of XRP against the Securities and Exchange Commission (SEC) ended last year, with a majority of the outcome going in Ripple’s favor.
In a number of other well-known cases, such as its battle with Grayscale, the company behind the biggest Bitcoin exchange-traded fund in the world, he has also attacked the SEC for treating the cryptocurrency sector unfairly. Elizabeth Warren vehemently objected to the SEC’s decision to permit the trading of Bitcoin spot ETFs as a result of that lawsuit.
Does Elizabeth Warren Have Cause for Concern?
Aside from cryptocurrency, other divisive issues between Warren and Deaton are the Federal Reserve’s loose monetary policy, the migrant crisis, and student loan forgiveness.
“I will overcome the odds once more, as I have done throughout my life as an underdog. The world will get to see it this time, that’s the only difference,” Deaton wrote to X on Friday.
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