Ripple donates $1 million to support John Deatons effort to unseat Elizabeth Warren News ▸ US ▸ People Ripple donates $1 million to support John Deatons effort to unseat Elizabeth Warren
Deaton is a strong pro-crypto candidate that enjoys backing from several crypto stakeholders.
Oluwapelumi ejumo Jul. 16, 2024 at 10:29 am UTC 2 min read
Updated: Jul. 16, 2024 at 10:29 am UTC X Telegram LinkedIn Email 
Credit: John Deaton / Image via johndeatonforsenate.com
Ripple has donated $1 million to support XRP advocate John Deatons bid to unseat Senator Elizabeth Warren in the Massachusetts Senate race.
The crypto firm funded a super political action committee (PAC) called the Commonwealth Unity Fund. This PAC, created by James Murphy, another pro-XRP lawyer, aims to challenge and unseat Warren, known for her skepticism towards crypto.
Fox Business journalist Eleanor Terrett first reported the funding.
Ripples funding is unsurprising, considering Deatons strong pro-crypto background. Deaton is a well-known pro-XRP lawyer who has publicly criticized Warren and the US Securities and Exchange Commission (SEC) for their treatment of the emerging industry. Notably, he has also played leading roles in the SECs cases against several crypto firms, including Ripple and Coinbase.
Murphy described Deaton as a uniter and emphasized the importance of not staying on the sidelines in this crucial election. He added:
For me and my family, this election is simply too important to just stand on the side lines. We desperately need a uniter like John Deaton in the Senate.
Meanwhile, Federal Election Commission data shows that Deaton has raised about $1.4 million from notable figures in the crypto industry. His support base includes Ripples CEO Brad Garlinghouse, Cardanos Charles Hoskinson, and Gemini exchange twins founders Tyler and Cameron Winklevoss,
Crypto increasing push for influence
Cryptos role in the election cycle is growing, as recent funding trends show. A recent Grayscale survey highlights a rising pro-crypto sentiment among Americans, driven by macroeconomic shifts and the sectors growth.
In response, crypto firms like Ripple, Coinbase, and others are funding super-political action committees, investing around $150 million to support pro-crypto candidates.
Similarly, nonpartisan groups like Stand With Crypto and the Bitcoin Voter Project are also emerging. These organizations aim to mobilize crypto voters and influence election results.
As a result, candidates are taking notice of the crypto votes growing influence, with some reports noting that this could affect voter turnout and election outcomes.