John Deaton Gains Support from Ripple’s Brad Garlinghouse in Bid to Unseat Senator Warren
- Ripple CEO Garlinghouse endorses pro-crypto lawyer John Deaton, challenging Warren’s regulatory stance.
- Crypto industry leaders like Elon Musk and Brian Armstrong back Deaton’s bid to unseat Senator Warren.
- Deaton’s campaign highlights the rift between crypto advocates and politicians pushing for tighter regulations.
Brad Garlinghouse, Ripple CEO, has endorsed John Deaton for the Massachusetts Senate election. Garlinghouse pointed out Deaton’s commitment to protecting the cryptocurrency community. He went on to criticize Senator Elizabeth Warren for spreading false information about digital currencies.
Garlinghouse Urges Crypto Community to Support John
Garlinghouse called for support for Deaton’s campaign. He encouraged his followers to donate and vote for Deaton if they are residents of Massachusetts. Garlinghouse described Deaton as a defender of the entire crypto industry. He stated that Deaton is a better candidate for the Senate seat than Warren.
Garlinghouse’s support shows that there is continued conflict between cryptocurrency supporters and regulators. Senator Warren has been pushing for stricter regulations on digital currencies.
As a result, she has become a prominent champion of better regulation of the cryptocurrency industry. Deaton has been handling the legal case of XRP holders against the SEC. His choice to pursue a career in politics is a clear attempt to oppose Warren’s position on cryptocurrency regulation.
Major Industry Figures Back Deaton’s Campaign
Deaton’s bid for the Senate has received support from other influential crypto leaders. Elon Musk and Brian Armstrong, CEO of Coinbase , have expressed their support. Armstrong accused Warren of influencing the appointment of SEC Chair Gary Gensler. He claimed Warren’s policies attempt to undermine the crypto industry’s growth by promoting stricter regulations.
Read CRYPTONEWSLAND on google newsDeaton’s campaign has sparked discussions about the government’s role in the digital financial sector. Supporters argue for regulations that foster innovation rather than derail it. They believe balanced policies are crucial for industry growth. With the 2024 Senate race approaching, crypto advocates continue to pressure Warren .
They see her as an opponent to the future of digital assets. Despite Warren’s influence, the crypto community remains resilient. They rally behind candidates like Deaton, who promise to defend their interests in the political arena.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether stops issuing EURT due to European regulatory environment
Sophon announced that it will launch the mainnet on December 18
Publicly traded company SOS Ltd. to buy $50 million worth of Bitcoin
The three major U.S. stock indices opened with mixed gains and losses