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Highlights
- John Deaton crypto portfolio reportedly contains Bitcoin, XRP, ETH and SOL
- The attorney might be one of the few politicians with the largest crypto portfolio
- Deaton is in the race to unseat Senator Elizabeth Warren
Pro-XRP lawyer and founder of CryptoLaw John Deaton reportedly has a large holding of Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP.
John Deaton In Race Against Sen. Warren
Noteworthy, John Deaton is running against Senator Elizabeth Warren for a Senatorial position in Massachusetts. He is with the Republican party while Warren belongs to the Democrats faction.
On X, FOX Business reporter Eleanor Terrett asked if Deaton is the candidate or potential elected official with the largest Bitcoin holding. The reporter noted that his recent financial disclosures confirmed that about 80% of his net worth is in BTC and other BTC-related investments.
🚨SCOOP: Is Massachusetts Senate candidate @JohnEDeaton1 the biggest holder of #Bitcoin of any elected official/candidate? His recent financial disclosures show that around 80% of his net worth is in $BTC or $BTC related investments. He also owns $ETH, $SOL and $XRP.
— Eleanor Terrett (@EleanorTerrett) July 24, 2024
Deaton also owns ETH, SOL and XRP. It is not entirely surprising that the attorney holds this much crypto especially Bitcoin. He is a core advocate for cryptocurrencies and this earned him the support he has enjoyed so far in preparation for the election. According to a recent statement in the ongoing Bitcoin Conference, Deaton has confirmed putting 82% of his net worth in BTC.
To answer Terrett’s question, there is likely no candidate with a larger crypto holding. Senator Warren barely wants to hear of the term “crypto.” For most of her time in office, she put in effort and resources to pull down the digital asset ecosystem in the United States. She is not even likely to own any crypto.
Deaton Receives Support to Defeat Warren
Notably, John Deaton is keen on winning this election against Senator Warren and many crypto industry players including Ripple, have given their support. Gemini co-founders Cameron and Tyler Winklevoss each contributed $500,000 worth of Bitcoin to Deaton’s political campaign to defeat Senator Warren.
The reason for this support is not far-fetched. Senator Warren is anti-crypto and may utilize her position to further crackdown on the United States crypto sector. Therefore, the Winklevoss twins believes it is wise to elect a candidate that has the cryptocurrency sector at heart and supports their business-friendly vision.
“John Deaton is an American hero; Elizabeth Warren is not. John Deaton is a pro-Bitcoin, pro-crypto, and pro-business candidate; Elizabeth Warren is not. She is a lawmaker who can’t pass a law. She is a celebrity over results. Politician over leader. Form over substance,” Tyler Winklevoss said.
Even Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC), and Martin Gruenberg, the head of the FDIC, are allegedly under Warren’s influence.
Read More: Anthony Scaramucci Predicts Kamala Harris To Fire US SEC Chair Gary Gensler
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