Gemini

Republican

Tyler

Democratic Senator Elizabeth Warren won a Massachusetts Senate seat over crypto-friendly Republican John Deaton in a landslide victory.
Warren — arguably the most high-profile crypto critic in US politics — has secured 74% of the 145,000 or so votes counted so far, <a data-ct-non-breakable="null" href="https://apnews.com/article/race-call-warren-wins-massachusetts-senate-cb660eb3157c4a51880316acb1260290" rel="null" target="null" text="null" title="https://apnews.com/article/race-call-warren-wins-massachusetts-senate-cb660eb3157c4a51880316acb1260290">according</a> to election data from the Associated Press. The AP called the race when less than 1% of the votes had been counted.
<figure>
 <img alt="Elizabeth Warren beats pro-XRP lawyer John Deaton for Massachusetts Senate seat" src="https://s3.cointelegraph.com/uploads/2024-11/0192ff32-bd72-7ba3-84d0-8c3fbb6388d2" title="">
 <figcaption style="text-align: center;">
 Results from the Massachusetts Senate race Source: The Associated Press
 </figcaption>
</figure>
Deaton was <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/elizabeth-warren-john-deaton-spar-over-crypto-senate-debate" rel="null" target="null" text="null" title="null">considered a longshot</a> against Warren, who has held the seat since 2013 and had a 20 to 30 percentage point lead in most polls before the official vote count.
Deaton is a well-known crypto lawyer who advocated for XRP (<a data-ct-non-breakable="null" href="https://cointelegraph.com/xrp-price-index" rel="null" target="null" text="null" title="null">XRP</a>) tokenholders throughout <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/the-sec-vs-ripple-lawsuit-everything-you-need-to-know" rel="null" target="null" text="null" title="null">Ripple’s long-running legal battle</a> with the Securities and Exchange Commission.
Deaton gained significant backing from leaders in the crypto space, securing $2 million in funding from Gemini co-founders Tyler and Cameron Winklevoss and Ripple.
Warren’s victory marks the beginning of her third term in the US Senate.
The AP also <a data-ct-non-breakable="null" href="https://apnews.com/projects/election-results-2024/massachusetts/?r=0" rel="nofollow noopener" target="_blank" text="null" title="https://apnews.com/projects/election-results-2024/massachusetts/?r=0">called</a> a victory for Democrats in the Massachusetts presidential race, with 11 electoral college votes secured for Kamala Harris. In mid-October, Deaton and Warren faced off in <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/elizabeth-warren-john-deaton-spar-over-crypto-senate-debate" rel="" target="_blank" text="null" title="https://cointelegraph.com/news/elizabeth-warren-john-deaton-spar-over-crypto-senate-debate">two senate debates</a> where Deaton accused Warren of building an “anti-crypto army” instead of prioritizing issues impacting the lower and middle class in the state. Warren said she is “fine” with people who want to buy and sell digital assets but wants to ensure the crypto industry “follows the same rules” as banks and stockbrokers — namely consumer protection and counter-terrorism laws.
Warren drew criticism after introducing the <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/elizabeth-warren-surveillance-legislation-help-big-banks" rel="" target="_blank" text="null" title="https://cointelegraph.com/news/elizabeth-warren-surveillance-legislation-help-big-banks">Digital Asset Anti-Money Laundering Act</a> in 2023, which, if passed, would require financial institutions to keep records and report suspicious crypto activity to federal regulators to aid in detecting money laundering and terrorist financing activities.
Warren and Deaton agreed that traditional banking has failed many Americans but were not in accord as to how those problems should be resolved.
Deaton’s loss means the Democrats will extend an 11-year streak of controlling both Massachusetts seats in the US Senate.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoiners-all-in-trump-since-bitcoin-2024-getting-risky/" rel="null" target="null" text="null" title="null">Bitcoiners are ‘all in’ on Trump since Bitcoin ’24, but it’s getting risky</a>

Elizabeth Warren beats pro-XRP lawyer John Deaton for Massachusetts Senate seat

Cointelegraph

Other articles published on Nov 6, 2024

Solana and Ethereum Could Yield 5x, But This Small-Cap Coin Might Multiply Your Wealth by 50x

Circle CEO Forecasts Stablecoins’ Global Role

Blue chip DeFi gets repriced in the post-election period, awaiting a new regulatory climate

Kaspa (KAS) Regains Bullish Momentum After Key Support Rebound: Is a +50% Move on the Horizon?

Dogecoin (DOGE) and Solana (SOL) Displace These Two Altcoins as Trump Takes the Lead in the Presi...

What’s Next After Donald Trump Win? Crypto And These Other Assets Are Poised To Surge

Join our free newsletter for daily crypto updates!