XRP News Today: John Deaton Wins Republican Primary, Ripple CEO Denies SEC Appeal

The entire crypto industry is celebrating the recent victory of pro-XRP lawyer John Deaton as the Republican primary nominee from Massachusetts for the upcoming US Presidential Elections. Deaton sealed the victory against other Republican candidates with a comfortable margin of 65% voting share and is ready to face his Democratic opponent Senator Elizabeth Warren.

John Deaton to Take on Elizabeth Warren

Upon winning the Massachusetts primary elections, and referring to his Democratic opponent Elizabeth Warren, Deaton addressed the crowd by saying “Only in America, it’s someone like me be elected to take on one of Washington’s most entrenched elites”.

XRP lawyer John Deaton has been very popular within the crypto industry for his pro-crypto views and has been actively supporting Ripple in SEC’s XRP lawsuit over the past few years. Several crypto industry leaders cheered Deaton’s win! Caitlin Long, the CEO of crypto-friendly Custodia bank stated: “CONGRATS John Deaton… Gonna be fun to watch you take on Elizabeth Warren in the general election. I hear she’s on the outside in the Dem Party these days…”.

On the other hand, anti-crypto Elizabeth Warren has also declared her nomination from the Democratic party. Deaton’s rise and popularity skyrocketed ever since he decided to take on Elizabeth Warren and fight back against her anti-crypto policies. Several pro-crypto Super PACs have also funded Deaton’s campaign this election.

Thank you, Massachusetts Democrats! I’m grateful to be your nominee for the U.S. Senate, and I will keep fighting by your side to put Washington on the side of working people.

— Elizabeth Warren (@ewarren) September 4, 2024

Why Is the Crypto Industry Supporting the XRP Lawyer?

John Deaton has been in favor of building pro-crypto regulations and supporting the innovation taking place in the crypto industry. His thoughts align very much with Donald Trump’s who has vowed to support Bitcoin and other digital assets with the goal of making America the crypto-capital of the world.

Furthermore, Deaton’s support for the crypto industry is not new. Pro-XRP lawyer Bill Morgan stated that top political analysts with established election models struggle to predict the impact of candidates like John E. Deaton because, they choose to ignore his influence in the crypto community, especially his prominent defense of the XRP community in the SEC v. Ripple case.

Thus, Morgan emphasized the growing importance of crypto in politics, especially in light of Senator Elizabeth Warren’s strong anti-crypto stance. He wrote:

“John Deaton has come from nowhere to obliterate his opponents today in the Republican primary. He understands the issues of everyday people more than Warren due to his own life experience as his autobiography shows”.

A day before, XRP lawyer Bill Morgan challenged the SEC’s terminology for digital assets while requesting a separate and dedicated S-1 registration for the crypto industry.

Ripple CEO Rejects Chances of SEC Appeal

Speculations continues on the SEC’s appeal of the recent ruling in the Ripple vs SEC case. Following the initial judgment of August 7, the SEC has a total of 60 days to appeal. Recent court criticisms of the SEC’s classification of cryptocurrencies as securities may impact the agency’s decision.

However, Ripple CEO Brad Garlinghouse allayed fears of the SEC appeal while speaking at the ongoing Korea Blockchain Week (KBW2024). He said:

“Regardless of whether they choose to appeal, we do not see any credible path for the SEC to challenge the core ruling, which is that XRP is not, in and of itself, a security.”