- – Ripple, a leading blockchain payments infrastructure provider, has donated $1 million to support pro-crypto candidate John Deaton’s Senate campaign.
- – This contribution aims to help Deaton challenge and potentially unseat Senator Elizabeth Warren, a critic of the crypto industry.
- – John Deaton declared his interest in running for the US Senate representing Massachusetts under the Republican Party in February.
- – Ripple’s donation was made to the Commonwealth Unity Fund, a super PAC established by James Murphy (MetaLawMan) to unseat Warren.
Ripple has donated $1Million to John Deaton to unseat Warren!!#JohnDeatonForSenate @MetaLawMan https://t.co/Y1EpRIlMSw
— Chad Steingraber (@ChadSteingraber) July 16, 2024
- – The fund aims to bring more crypto-friendly voices into politics and replace anti-crypto candidates like Senator Warren.
- – As of June 30, the Commonwealth Unity Fund has amassed $1,050,020 in donations, with $909,405 available in cash.
- – Deaton has also received financial support from major industry executives, totaling $1.36 million as of April 2024.
- – Notable contributors include Ripple executives Chris Larsen and Brad Garlinghouse, Gemini founders Cameron and Tyler Winklevoss, SkyBridge Capital founder Anthony Scaramucci, and Cardano and Ethereum co-founder Charles Hoskinson.
- – Other donors include Kraken co-founder Jesse Powell and Casa wallet founder Jameson Lopp.
- – Each of these top individual donors, including Ripple’s Chris Larsen and Brad Garlinghouse, contributed the maximum allowable amount of $6,600 for both the primary and general election campaigns.
- – During the first quarter (Q1) of 2024, Deaton received close to $360,700 from supporters and loaned $1 million to his campaign, as per FEC records.