- Ripple’s CEO backs John Deaton in his campaign against Elizabeth Warren.
- Deaton is a strong advocate for cryptocurrency; Warren opposes his stance.
- Ripple contributes to Deaton’s campaign while also supporting Kamala Harris.
Ripple CEO Brad Garlinghouse has officially expressed support for Republican candidate John Deaton, who is competing to unseat incumbent Senator Elizabeth Warren in Massachusetts.
Garlinghouse’s endorsement came in a post on X on October 22, where he declared that he “enthusiastically and wholeheartedly” backs Deaton due to his advocacy for XRP holders and the broader cryptocurrency industry.
Support for Deaton Amidst Political Tensions
John Deaton, a prominent attorney, is known for his strong defense of cryptocurrency and is directly challenging Senator Warren, a notable critic of the digital asset sector.
Garlinghouse’s endorsement aligns with Ripple’s financial contributions toward Deaton’s campaign, while also highlighting the company’s nearly $11 million donation in XRP to a political action committee backing Democratic candidate Kamala Harris.
It’s important to note that although Ripple co-founder Chris Larsen has voiced support for Kamala Harris, both he and Ripple’s Chief Legal Officer, Stuart Alderoty, have also contributed to Deaton’s Senate bid.
Furthermore, Ripple is a significant donor to the Commonwealth Unity Fund PAC, which has been engaged in promoting Deaton through media campaigns while opposing Senator Warren.
Digital Asset Debate: A Central Issue in the Race
As the Senate race heats up, cryptocurrency regulations have become a pivotal topic, especially during two recent debates where Deaton and Warren clashed over their differing policies on digital assets.
Warren has accused Deaton of prioritizing the interests of the cryptocurrency sector to the detriment of other important issues, claiming, “100% of his loyalty in Washington will be to crypto.”
Conversely, Deaton has countered by asserting that Warren is overly fixated on digital asset regulations while neglecting more pressing matters. Notably, Warren and Securities and Exchange Commission Chair Gary Gensler have both emerged as vocal opponents of cryptocurrency regulations in the U.S. government.
With the election just weeks away, Warren currently leads in the polls. However, Garlinghouse’s endorsement underscores the rising significance of crypto policy in shaping electoral discussions.
This rewritten version maintains the essential information while optimizing the structure with appropriate headings and bullet points to enhance readability and SEO performance.
