John Deaton Beats Elizabeth Warren in Senate Seat Showdown with Support from Crypto Titans Ripple, Cardano and Gemini

Cryptocurrency Advocate john deaton Cryptocurrency giants backed the lawyer’s campaign, raising more money than Senator Elizabeth Warren in the first quarter of this year to win her Senate seat.

Big names in the cryptocurrency industry, including Ripple executives Chris Larsen and Brad Garlinghouse, Gemini founders Cameron and Tyler Winklevoss, and SkyBridge Capital founder Anthony Scaramucci, are among the lawyer’s biggest donors.

Charles Hoskinson, co-founder of Cardano and Ethereum, and Jesse Powell, co-founder of Kraken, also came forward to support Deaton’s quest.

In total, Deaton raised about $1.36 million in the first quarter, surpassing the $1.09 million Warren managed. raise During the same period.

Crypto Giants supports John Deaton with its largest contribution.

Despite this, Warren has received more funding from donors than Deaton. Her donors gave her less than $1.09 million and Deaton received $360,700 from her supporters.

The rest of Deaton’s funding reportedly came from $1 million he lent to the campaign. preliminary submission This is what was sent to the U.S. Federal Election Commission (FEC).

First it was school bullies, then it was against greedy corporations and the SEC, and now it’s against Washington’s elite. https://t.co/XxW0M7kkw9 pic.twitter.com/adJVbz4tyn

— John E Deaton (@JohnEDeaton1) February 20, 2024

Ripple’s Larsen and Garlinghouse, the Winklevoss twins and Scaramucci were Deaton’s biggest individual contributors. Each candidate contributed up to $6,600, split half between primary and general election bids.

Meanwhile, Hoskinson, Powell, Ripple’s Chief Legal Officer Stuart Alderoty and Casa wallet founder Jameson Lopp each donated $3,300 to Deaton’s primary campaign challenge.

Deaton’s rise to fame

Ripple management’s support for Deaton comes from a lawyer defend The interests of XRP holders in Ripple’s legal battle with the Securities and Exchange Commission. In February, he announced that he would run against Warren, who has served for 11 years.

While Deaton supported the cryptocurrency market, Warren has long campaigned against it. she also Bill introduced This means a “level playing field” between cryptocurrency markets and traditional financial markets.

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