Connect with us

Hi, what are you looking for?

Pro-XRP attorney John Deaton wins Republican US Senate primary
Pro-XRP attorney John Deaton wins Republican US Senate primary

Cryptocurrency

John Deaton wins the Republican race for the Senate and will now run against Elizabeth Warren

A lawyer named John Deaton, who supports crypto, has won the Republican vote for the U.S. Senate in Massachusetts. The crypto community has given Deaton a lot of support, which puts him in a good situation to run against Democratic Senator Elizabeth Warren in November. This will start a big fight between people who support innovation and people who don’t.

Attorney John Deaton won the Republican nomination for the U.S. Senate seat in Massachusetts. This is a big win for people who support crypto. Deaton, a former Marine and well-known supporter of the bitcoin industry, won the Republican primary with 64% of the vote, beating Bob Antonellis and Ian Cain. He will now run against Elizabeth Warren, a Democrat who is already a senator, in the general election in November.

Deaton is known for defending Ripple and XRP in their court fight against the U.S. Securities and Exchange Commission (SEC). He is painting himself as an innovator, which is very different from Warren’s more negative view of cryptocurrencies. Warren has been speaking out against the crypto industry for a long time. She has proposed several bills to limit the sector’s power, saying that it supports illegal activities like drug trade and terrorism.

Deaton’s winning speech was mostly about bringing people together and talking about bigger political problems. However, the fact that several well-known people in the crypto space backed him shows that the industry strongly supports his run. Executives from Ripple, Cameron and Tyler Winklevoss, owners of Gemini, and other crypto leaders gave money to help his cause. As of the end of July, over $1.7 million had been donated to Deaton’s effort, with a lot of that money coming from the crypto business.

As Warren runs for a third term in office, you can expect a tough race between the two candidates. Warren, who has won two Senate elections, is likely to keep pushing her anti-crypto plan. Deaton, on the other hand, wants to show how encouraging innovation in the industry can help it grow. Two very different ideas about the future of digital assets in America are going to fight it out in the race for the Senate spot.

Advertisement

You May Also Like

Cryptocurrency

There is a lawsuit against the SEC in 18 U.S. states, which say it went too far in regulating the cryptocurrency business. The case...

Cryptocurrency

This week's Crypto Chronicle covers Ethereum surpassing Bank of America in market value, Bitget’s UK platform now falling under FCA regulations, key political figures'...

Cryptocurrency

Wyoming Senator Cynthia Lummis wants the U.S. Treasury to take a risky step by turning the government gold reserves into Bitcoin to create a...

Cryptocurrency

Tether just created $1 billion in USDT on the Tron blockchain with no transaction fees. This shows how important Tron is becoming in the...

polkadot
Polkadot (DOT) $ 6.23 9.52%
bitcoin
Bitcoin (BTC) $ 99,073.54 1.57%
ethereum
Ethereum (ETH) $ 3,389.97 8.58%
cardano
Cardano (ADA) $ 0.88419 12.37%
xrp
XRP (XRP) $ 1.39 24.89%
stellar
Stellar (XLM) $ 0.283616 19.50%
litecoin
Litecoin (LTC) $ 90.80 4.66%