In a massive development for the crypto industry, pro-XRP lawyer John Deaton won the elections of the Republican primary nominee to represent Massachusetts in the upcoming US Presidential Elections. The results show that Deaton has won by a comfortable margin of 65% voting share against other Republican candidates in the race.
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.
Bhushan Akolkar
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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