- Ripple CEO Brad Garlinghouse is backing John Deaton towards Sen. Elizabeth Warren.
- Deaton has sturdy pro-crypto advocacy; Warren criticizes him on varied points.
- Ripple is supporting Deaton's marketing campaign whereas supporting Kamala Harris' candidacy.
Ripple CEO Brad Garlinghouse has endorsed Republican John Deaton in his bid to unseat incumbent Sen. Elizabeth Warren of Massachusetts.
Garlinghouse publicly endorsed Deaton in an Oct. 22 publish on X, saying he “enthusiastically and wholeheartedly” helps Deaton for his work advocating for XRP holders and the broader crypto trade.
Ripple backs Deaton towards Warren
Deaton, a widely known lawyer, is a vocal supporter of cryptocurrency and challenges Senator Warren, one of the vital outstanding critics of cryptocurrency.
Garlinghouse's assist got here as no shock to many, on condition that Ripple was a significant contributor to Deaton's marketing campaign, regardless of additionally donating $11 million in XRP to a political motion committee supporting Democratic presidential candidate Kamala Harris.
Curiously, though Ripple co-founder Chris Larsen not too long ago endorsed Kamala Harris, he and the corporate's normal counsel Stuart Alderoty additionally contributed to Deaton's Senate.
As well as, Ripple is a significant donor to the Commonwealth Unity Fund PAC, which is working media campaigns in assist of Deaton and towards Senator Warren.
Conflict over digital asset insurance policies
Cryptocurrency regulation has emerged as a outstanding subject within the Senate, with Deaton and Warren clashing over digital asset coverage throughout two latest debates.
Warren accused Deaton of placing the pursuits of the crypto trade forward of different crucial points like immigration and the financial system. She claimed that Deaton's marketing campaign is dedicated to cryptocurrencies, saying that “100% of his loyalty in Washington will go to cryptocurrencies.”
Deaton, in flip, criticized Warren for focusing an excessive amount of on digital asset regulation and never addressing different urgent points. Warren and Securities and Alternate Fee Chairman Gary Gensler have turn out to be two of essentially the most outspoken critics of cryptocurrencies within the US authorities.
With the US election lower than two weeks away, Warren holds a big lead in most polls, however Garlinghouse's endorsement of Deaton highlights the rising significance of cryptopolitics within the political debate.
