Ripple’s CEO, Brad Garlinghouse, has come out in strong support of John Deaton, a pro-cryptocurrency attorney, in his bid to unseat Senator Elizabeth Warren from her position in Massachusetts.
Support for Deaton’s Campaign
On October 22, Garlinghouse expressed his full backing for Deaton, praising him as a relentless advocate for XRP and the overall cryptocurrency ecosystem. He emphasized the importance of supporting candidates who align with the values of the crypto community.
Garlinghouse’s Critique of Senator Warren
During his endorsement, Garlinghouse criticized Senator Warren for her dissemination of misinformation regarding cryptocurrencies. He stated:
“Deaton has been an unwavering advocate for the XRP community and the broader crypto industry, while his opponent, Senator Warren, continues to spread misinformation about the sector.”
Garlinghouse urged his followers to contribute to Deaton’s campaign and vote for him in the upcoming Senate election.
The Rationale Behind the Endorsement
Garlinghouse’s endorsement reflects Deaton’s consistent efforts in championing the interests of digital asset holders, particularly through litigation aimed at clarifying regulatory guidelines for the cryptocurrency industry. In contrast, Senator Warren has been substantially critical of the industry, proposing regulations deemed harmful to the crypto space and forming a coalition against it.
Broadening Support for Deaton
Garlinghouse’s endorsement is part of a growing wave of support for Deaton from other notable figures in the crypto community. On October 21, Coinbase CEO Brian Armstrong and tech entrepreneur Elon Musk also called on Massachusetts voters to back Deaton, emphasizing his candidacy as a favorable alternative to Senator Warren.
Expansion of Ripple’s Custody Services
In a different but equally significant development, Ripple is expanding its custodial services through partnerships with Garanti BBVA, the second-largest private bank in Turkey, and IBM. This initiative aims to bolster the bank’s capacity to manage institutional-grade digital asset infrastructure.
Korcan Abalı, CEO of Garanti BBVA Kripto, highlighted the burgeoning demand for digital asset management among their clientele, stating:
“We witness increasing daily interest from our customers toward transferring and safeguarding their crypto assets.”
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