John Deaton’s Massachusetts Senate campaign is reportedly pulling in donations from high-profile members of the crypto community.
The attorney and vocal XRP supporter is running in the Republican primary which will determine who gets to challenge incumbent Senator Elizabeth Warren, a Democrat and one of the most outspoken political critics of the digital asset sector.
Deaton received maximum-level $6,600 individual campaign contributions from Ripple executives Brad Garlinghouse and Chris Larsen, according to a new report from Politico. SkyBridge Capital founder Anthony Scaramucci also reportedly donated the maximum amount, as did Gemini co-founders Tyler and Cameron Winklevoss.
Scaramucci, who served an extremely brief stint in the Trump Administration in 2017, tells Politico that Warren “represents all the worst things” about politicians in the US.
“It’s no longer about what’s right or wrong for the country, but what’s hard left. So we’re going to work our hardest to spend as much money as we can and raise as much money as we can to defeat her.”
Individuals can donate up to $3,300 for the primary and up to $3,300 for the general election, per Federal Election Commission contribution limits. Cardano (ADA) founder Charles Hoskinson also reportedly kicked in $3,300 for Deaton’s primary.
Deaton played an active role in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple, filing an amicus brief on behalf of XRP supporters in opposition to the regulator’s motion for summary judgment.
Warren sponsored the Digital Asset Anti-Money Laundering Act which aims to make the crypto industry comply with the same money laundering rules that apply to the traditional financial system.
The bill, which Warren first introduced in 2022 and then again last July, would extend Bank Secrecy Act (BSA) responsibilities, including Know-Your-Customer (KYC) requirements, to crypto wallet providers, miners, validators, and other network participants, among other things.
The US crypto lobby has blasted the potential legislation as an industry-killer.
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1 Comment
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