John Deaton, lawyer and proponent of cryptocurrencies, has gained prominence on the political scene by surpassing Elizabeth Warren in fundraising for her United States Senate campaign. In the first quarter, Deaton raised an impressive $1.36 million, while the Massachusetts senator, known for her criticism of the industry, raised $1.1 million.

Contributions to Deaton have reportedly come from notable figures in the cryptocurrency space, including Ripple executives Brad Garlinghouse and Chris Larsen, as well as twins Cameron and Tyler Winklevoss, Charles Hoskinson, Jameson Lopp and Anthony Scaramucci. These maximum donations capped at $6,600, showing strong industry support for his candidacy.

Elizabeth Warren had previously warned her followers about the possible influence of “powerful special interests” in response to Deaton’s campaign announcement. In her words: “I’m not afraid, but this now means we need to prepare to compete against funding from powerful special interests, Wall Street and the Republican Party.”

John Deaton is no stranger to controversies involving the SEC and the cryptocurrency industry. He represented 75,000 XRP holders in a notorious lawsuit against the SEC that ended overwhelmingly in Ripple’s favor last year. Deaton has also been a vocal critic of the way the SEC has treated the industry in other high-profile cases, including its dispute with Grayscale, which culminated in Bitcoin spot ETFs being allowed to trade, contradicting Warren’s positions.

In addition to cryptocurrencies, there are other areas of marked disagreement between Warren and Deaton, such as student loan forgiveness, the migrant crisis and the Federal Reserve’s expansionary monetary policy. Deaton expressed his combative spirit in a recent message: “I’ve beaten the odds as an underdog my entire life and I’ll do it again. The only difference this time is that the world will be able to witness it.”


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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