John Deaton, a pro-XRP lawyer and crypto advocate, is running for a seat in the US Senate against Elizabeth Warren, known for her skepticism on cryptocurrencies, when US regulators are stepping up their enforcement actions and crackdowns on the crypto industry.
Notably, Deaton’s campaign has gained significant support from industry leaders, indicating a growing demand for change in crypto regulation frameworks and a shift in approach towards the industry.
Crypto Industry Backs Pro-XRP Lawyer’s Senate Campaign
According to a local report from Boston, Deaton, running as a Republican candidate, has personally loaned his campaign $1 million, showcasing his commitment to his uphill battle against Senator Warren.
Since announcing his candidacy in mid-February, Deaton has also raised $360,690 from individual contributors, leaving him with nearly $1.4 million cash on hand.
According to the Federal Election Commission, Deaton outraised Warren in the race’s first quarter, with Deaton raising a total of $1.36 million to Warren’s $1.1 million.
Notable donations have come from influential figures such as Charles Hoskinson, co-founder of Ethereum; Anthony Scaramucci, former communications director for Donald Trump and vocal crypto investor; and Cameron and Tyler Winklevoss, co-founders of Gemini exchange.
Ripple CEO Brad…
