Momentum

Read

Gains

<ul> 
 <li>John Deaton holds the largest Bitcoin assets among politicians, with 80% of his net worth in Bitcoin or related investments.</li> 
 <li>Deaton’s Senate campaign has raised $2 million, backed by major crypto figures including Tyler Winklevoss and Ripple.</li> 
 <li>Senator Elizabeth Warren’s campaign funds exceed $18 million, significantly outpacing Deaton’s financial support.</li> 
</ul> 
<p>John Deaton is gaining momentum in the Massachusetts Senate race. Deaton is reportedly to be the politician who owns the most <a href="https://bitcoin.org/" target="_blank" rel="noreferrer noopener nofollow">Bitcoin</a> and other crypto assets. According to his most recent financial declarations, over 80% of his net worth is associated with Bitcoin or assets related to Bitcoin.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">SCOOP: Is Massachusetts Senate candidate <a href="https://twitter.com/JohnEDeaton1?ref_src=twsrc%5Etfw">@JohnEDeaton1</a> the biggest holder of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> of any elected official/candidate? His recent financial disclosures show that around 80% of his net worth is in <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> or <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> related investments. He also owns <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a>, <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SOL</a> and <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$XRP</a>.</p>— Eleanor Terrett (@EleanorTerrett) <a href="https://twitter.com/EleanorTerrett/status/1816177444992274716?ref_src=twsrc%5Etfw">July 24, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The cryptocurrency community is firmly backing Deaton’s campaign against Senator Elizabeth Warren. Gemini and Winklevoss Capital co-founder Tyler Winklevoss <a href="https://cryptonewsland.com/tyler-winklevoss-fuels-senate-campaign-with-major-crypto-donation/" target="_blank" rel="noreferrer noopener">donated</a> $500,000 to support Deaton’s campaign. Winklevoss critiqued Warren’s tough regulatory stance on cryptocurrencies, accusing her of leading a campaign against innovation.</p> 
<p>Ripple also contributed $1 million to Deaton’s campaign. Charles Hoskinson of Cardano, Anthony Scaramucci of SkyBridge Capital, Jesse Powell of Kraken, and <a href="https://www.coinbase.com/" target="_blank" rel="noreferrer noopener nofollow">Coinbase</a> are some of the other key players in the industry who have backed him. These contributions indicate the crypto community’s confidence in Deaton’s ability to push for positive regulatory changes.</p> 
<p>Despite generating approximately $2 million, <a href="https://cryptonewsland.com/crypto-community-backs-john-deaton-in/" target="_blank" rel="noreferrer noopener">Deaton’s finances</a> are still exceeded by Warren’s campaign fund of more than $18 million. However, endorsements from prominent figures such as Mark Cuban and Perianne Boring are expected to strengthen his campaign.</p> 
<p>Deaton’s candidacy emphasizes the importance of legislation that legitimizes digital assets and promotes a favorable regulatory framework. This is in contrast to Warren’s campaign which focuses on more tight anti-money laundering regulations and a crackdown on the cryptocurrency businesses.</p> 
<p>The&nbsp; Senate campaign in Massachusetts is developing as a key stage for the fate of cryptocurrency legislation in America. Given Deaton’s large cryptocurrency holdings and backing from the sector, the winning stakes are quite high.</p> 
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4> 
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/xrp-lawyer-questions-warrens-focus-on-anti-stablecoin-measures/">XRP Lawyer Questions Warren’s Focus on Anti-Stablecoin Measures</a></li> 
 <li><a href="https://cryptonewsland.com/crypto-community-backs-john-deaton-in/">Crypto Community Backs John Deaton in Senate Race Against Elizabeth Warren</a></li> 
 <li><a href="https://cryptonewsland.com/tyler-winklevoss-fuels-senate-campaign-with-major-crypto-donation/">Tyler Winklevoss Fuels Senate Campaign with Major Crypto Donation</a></li> 
 <li><a href="https://cryptonewsland.com/crypto-donations-for-us-politicians-now-possible-on-base-network/">Crypto Donations for US Politicians Now Possible on Base Network</a></li> 
 <li><a href="https://cryptonewsland.com/elizabeth-warren-criticizes-the-sec-as-bitcoin-etfs-make-history/">Elizabeth Warren Criticizes the SEC as Bitcoin ETFs Make History</a></li> 
</ul>  
<p>The post <a href="https://cryptonewsland.com/pro-xrp-and-largest-bitcoin-holding-politician/">Pro XRP and Largest Bitcoin-Holding Politician John Deaton Gains Momentum in Senate Race Against Warren</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Pro XRP and Largest Bitcoin-Holding Politician John Deaton Gains Momentum in Senate Race Against Warren

Crypto News Land

Other articles published on Jul 25, 2024

Bitcoin Breakthrough: First Zero-Knowledge Proof Verified on Mainnet

Binance's First Airdrop Portal Project: What is Banana Gun?

Open Campus Announces the Start of $EDU Bridge to Arbitrum

Ethereum Faces Selling Pressure from Whales

Flow soars 17% After OKX Australia listing and key network updates

Dogecoin Now Has 6.69 Million Holders: How It Compares To Shiba Inu, XRP

Join our free newsletter for daily crypto updates!