John Deaton’s crypto backers help outraise Warren in Senate race
Pro-crypto lawyer John Deaton has outraised Senator Elizabeth Warren over the first quarter of this year for his bid to seize her Senate spot — bankrolling $1.36 million compared to Warren’s $1.09 million.
A who’s who of crypto backers make up Deaton’s top donors, including Ripple executives Chris Larsen and Brad Garlinghouse, Gemini founders Cameron and Tyler Winklevoss , SkyBridge Capital founder Anthony Scaramucci, Cardano and Ethereum co-founder Charles Hoskinson and Kraken co-founder Jesse Powell.
In total, Deaton’s contributors have given him nearly $360,700 for Q1 2024, plus the $1 million he loaned to his campaign , preliminary filings to the United States Federal Election Commission (FEC) show.
In comparison, Warren reported raising just under $1.09 million — all from donors alone.
Deaton rose to prominence defending XRP
He announced his bid for Warren’s Senate seat representing Massachusetts in February, running as a Republican against the 11-year Democratic Party incumbent.
Warren has long campaigned against crypto and introduced bills she claims are to “ level the playing field ” between crypto and traditional financial markets, which her detractors claim would drive innovation and investment out of the United States.
Related: Crypto users could ‘make a difference in a close election’ in the US — CoinFlip CEO
Among Deaton’s largest individual contributors were Ripple’s Larsen and Garlinghouse, Scaramucci and the Winklevoss twins.
Each made the maximum donation of $6,600 — the max of $3,300 each to the primary and general election bids.
Cardano’s Hoskinson, Kraken’s Powell and Casa wallet founder Jameson Lopp each threw in $3,300 to Deaton’s primary campaign challenge, as did Ripple legal chief Stuart Alderoty.
The U.S. Senate elections are set to be held on Nov. 5 with 34 of the 100 total seats up for contestation alongside all 435 seats in the House alongside the presidency — with it likely that former President Donald Trump will again face off with President Joe Biden.
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