Highlights
XRP lawyer John Deaton has stirred another round of support for his senate race with an X post. Taking to the social media platform Deaton urged his supporters to donate to his campaign for him to be able to defeat Senator Elizabeth Warren. This comes at a time when Deaton has already garnered ample support from the XRP community.
As of right now, John Deaton has initiated a fundraising campaign. Donations in cryptocurrency will be accepted for his campaign during the drive. The Bitcoin community as a whole has been quite supportive of Deaton, and prominent backers like Anthony Scaramucci have also joined on board.
Deaton’s political campaign has drawn interest, particularly from the XRP community. Deaton is well known for his open support of cryptocurrencies. Many in the Web3 and XRP communities are thrilled about his commitment to the cryptocurrency industry. His nomination might facilitate the Senate’s passage of cryptocurrency-related legislation. Encouragement for Deaton’s political run also coincides with increased attention to Elizabeth Warren. According to Bloomberg, Elizabeth Warren’s negative stance against the bitcoin industry has drawn criticism for her.
Read Also: Spot Ethereum ETF: Bitwise Submits S-1 Ethereum ETF Filing
By now, it should be clear that supporters of cryptocurrencies want lawmakers to understand and accept them with open minds and better laws. A good example of this is Katie Porter’s loss in the Senate. The fact that Congresswoman Katie Porter supported Senator Elizabeth Warren’s anti-crypto stance is directly related to Schiff’s triumph over Porter in the California Senate Primary. People have been supporting John Deaton to increase the number of bitcoin players involved in US politics ever since he announced he would be running against Elizabeth Warren for the US Senate seat. However, Warren has only remained reticent. Rumors that Senator Elizabeth Warren would face opposition to her Senate candidacy prompted her to organize her support system.
According to Forbes, one in five Americans presently possesses digital assets. Specifically, 52 million individuals. The amount is significant enough to have a significant impact on the outcome of the US presidential election. Therefore, any government hoping to win an election would probably need to win over Bitcoin enthusiasts.
Read Also: Coinbase (COIN) Share Sale Is “Active Management” – Cathie Wood
The crypto market rallied sharply after President Donald Trump announced a massive $2,000 “tariffs dividend”…
Michael Saylor’s Strategy may be preparing another Bitcoin purchase as Goldman Sachs forecasts a wave…
Ethereum (ETH) dropped about 12% over the past week, even after rising to the $3,400…
Bitcoin ETFs suffered their largest single-day outflow since August. Top whales are also divesting some…
The CZ Trump Pardon has drawn global attention, merging politics with cryptocurrency on a global…
The possibility of Fed rate cut in December has increased sharply. This is because the…