John Deaton, a prominent attorney and supporter of XRP, is gaining financial support for his Massachusetts Senate campaign from notable figures in the crypto community. Deaton, who is running in the Republican primary, aims to challenge Democratic incumbent Senator Elizabeth Warren, a well-known critic of the digital asset industry.
According to a recent report from Politico, Deaton received the maximum campaign contributions of $6,600 from Ripple executives Brad Garlinghouse and Chris Larsen. Anthony Scaramucci, the founder of SkyBridge Capital, and Tyler and Cameron Winklevoss, the co-founders of Gemini, also donated the maximum amount to Deaton’s campaign.
Scaramucci, who briefly served in the Trump Administration in 2017, expressed his opposition to Warren, stating that she represents the negative aspects of US politicians. He emphasized the importance of defeating her and pledged to contribute and raise as much money as possible for Deaton’s campaign.
Individuals are allowed to donate up to $3,300 for the primary and an additional $3,300 for the general election, as per the contribution limits set by the Federal Election Commission. Charles Hoskinson, the founder of Cardano (ADA), reportedly donated $3,300 to Deaton’s primary campaign.
Deaton played an active role in the lawsuit brought by the US Securities and Exchange Commission against Ripple. He filed an amicus brief on behalf of XRP supporters opposing the regulator’s motion for summary judgment.
Warren, on the other hand, sponsored the Digital Asset Anti-Money Laundering Act, which aims to impose money laundering regulations on the crypto industry, similar to those applied to traditional financial systems.
The proposed bill, initially introduced by Warren in 2022 and reintroduced in July, seeks to extend Bank Secrecy Act responsibilities, including Know-Your-Customer requirements, to crypto wallet providers, miners, validators, and other network participants. The potential legislation has faced criticism from the US crypto lobby, which views it as detrimental to the industry.
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