US Election 2024: XRP Lawyer John Deaton Might Garner Crypto PAC’s Support

Highlights
- Eleanor Terrett in her post said that it would be interesting to see super PAC Fairshake would show up in Massachusetts.
- John Deaton at present has already started a crypto based fundraising effort.
- Voters who support cryptocurrencies want politicians to embrace and comprehend digital currencies with an open mind and better legislation.
Pro XRP lawyer John Deaton has received immense support from crypto market participants for his US senate race. However, the market is now placing bets on Deaton garnering support from crypto-backed PACs, especially Fairshake. Fox journalist Eleanor Terrett in a post on X raised speculations on the same.
XRP Supported Deaton Could see Further Support
Eleanor Terrett in her post said that it would be interesting to see super PAC Fairshake would show up in Massachusetts, where Deaton has challenged Senator Warren for her seat. Further clarifying her statement, Terrett says that Fairshake is planning to focus on other states as well as the election cycle rolls on. If the support does transcend into Massachusetts, it will prove to be extremely helpful for Deaton.
John Deaton at present has already started a fundraising effort. His campaign will see Cryptocurrency donations during the drive. Deaton has received a great deal of support from the cryptocurrency industry overall, and well-known supporters like Anthony Scaramucci have also jumped on board.
Read Also: Bitcoin Price Hits Weekly Record High of $70,199, Outshines S&P Index 500
Crypto Voters to Hold High Importance in 2024 US Elections
By now, it is evident that voters who support cryptocurrencies want politicians to embrace and comprehend digital currencies with an open mind and better legislation. Katie Porter’s Senate defeat serves as a prime illustration of this. Congresswoman Katie Porter’s choice to back Senator Elizabeth Warren’s anti-crypto position has a direct correlation to Schiff’s victory over her in the California Senate Primary. Since John Deaton declared he would be running against Elizabeth Warren for the US Senate seat, people have been supporting him to boost the number of bitcoin players active in US politics. Warren, though, hasn’t done anything but kick back. In reaction to rumors that she would encounter resistance for her Senate seat, Senator Elizabeth Warren also mobilized her network of support.
Forbes reports that one in five Americans currently owns digital assets. To be precise, 52 million people. The sum is large enough to matter greatly in how the US presidential election turns out. Thus, winning over Bitcoin aficionados would likely be necessary for any administration seeking to win an election.
- FOMC Minutes, Jerome Powell Speech: Will Bitcoin Recover or Retrace Further?
- “Meme Coin SZN Is Here,” Says CZ As GIGGLE, 4 Price Skyrocket to All time Highs
- CZ’s YZi Labs Commits $1 Billion Builder Fund As Binance Coin Surpasses XRP
- Expert Sees LTC Crashing to $50 Even As Litecoin ETF Approval Reaches Final Stage
- CleanCore’s Dogecoin Treasury Pays Off Big With $20M Gains as Holdings Near 1B DOGE
- Binance Coin Price Prediction If It Surpasses Bitcoin Marketcap— Is $3000 Possible in 2025?
- ASTER vs HYPE Price Analysis – Which Perp DEX Token Looks Poised to Dominate Q4 Performance?
- Ethereum Price Could Soar to $6,500 as BlackRock’s ETF Nears $20B Milestone
- Cardano Price Consolidates Below Key Resistance Ahead of ETF Verdict — Is a 50% Rally in Sight?
- Solana Price Eyes 56% Rebound Amid Solana Company’s Massive $530M SOL Acquisition
- Ethereum’s Price Bullish Cycle Resumes as Grayscale Launches Spot Staking ETPs – Is $7,331 Next?