Ripple CEO Brad Garlinghouse has endorsed John Deaton, a pro-XRP lawyer, in his bid to unseat Senator Elizabeth Warren in the Massachusetts Senate race. Garlinghouse praised Deaton for his advocacy for the crypto community, particularly the XRP Army, while accusing Warren of spreading misinformation about the industry.
Ripple CEO Brad Garlinghouse Backs John Deaton’s Campaign
In a recent post on X (formerly Twitter), Brad Garlinghouse encouraged his followers to support Deaton’s campaign financially and to vote for him if they reside in Massachusetts. Garlinghouse stated that Deaton is a “relentless advocate for the entire crypto industry” and a “vastly superior candidate” compared to Warren.
The Ripple CEO’s endorsement comes as the battle between crypto advocates and lawmakers intensifies, with Warren being a vocal critic of cryptocurrency.
Deaton, who has played a prominent role in the legal defense of XRP holders in the lawsuit against the U.S. Securities and Exchange Commission (SEC), is now positioning himself as a political figure aiming to challenge Warren’s stance on crypto regulation.
Deaton and Musk Criticize Warren’s Inflation Claims
John Deaton and billionaire Elon Musk have both criticized Senator Warren for her statements regarding inflation. Warren recently attributed rising prices to corporate greed, sparking backlash from Deaton and other prominent figures in the crypto industry.
Deaton countered Warren’s claims by pointing to government policies as the cause of inflation, stating that the government printed 80% of all U.S. dollars in circulation over the last four years.
Musk supported Deaton’s stance, warning that the U.S. could face bankruptcy without a drastic reduction in government spending. This public dispute has highlighted the growing divide between the crypto community and lawmakers like Warren, who are seen as hostile to digital assets.
Crypto Industry Leaders Rally Behind Deaton
The pro XRP lawyerJohn Deaton has garnered significant support from key figures in the crypto industry, including Elon Musk and Coinbase CEO Brian Armstrong. Armstrong urged Massachusetts voters to support Deaton, criticizing Warren for her role in appointing SEC Chair Gary Gensler, whom many in the crypto industry view as an adversary.
Armstrong also accused Warren of advocating for a government-controlled financial system and targeting the crypto industry in ways that harm innovation. He noted that despite Warren’s efforts, the crypto industry continues to grow. Armstrong and others have pointed to Deaton’s efforts in defending crypto rights as a reason to back his Senate campaign.
As the 2024 Senate race heats up, Senator Elizabeth Warren is facing mounting pressure from the crypto community. Warren, a Democrat and vocal critic of the cryptocurrency industry, has consistently pushed for stricter regulation and has been a key figure in shaping U.S. financial policy. However, her stance has alienated many in the crypto space, with opponents like Deaton positioning themselves as defenders of crypto freedom.
Kelvin Munene Murithi
Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Leave a Reply