July 16, 2024
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U.S. Elections: John Deaton, Potential Warren Successor, Silent on Crypto in Campaign Launch

In a bold move that could reshape the political landscape in Massachusetts, John Deaton, a prominent attorney and vocal advocate for the crypto industry, officially announced his candidacy for the United States Senate. Deaton’s campaign, launched on February 20, avoided explicitly mentioning digital assets, focusing instead on what he describes as “taking on the Washington elites.”

In a video released from his X account, Deaton criticized incumbent Senator Elizabeth Warren, accusing her of being unproductive for Massachusetts. Notably, the video showcased a Rhode Island Lawyers Weekly headline highlighting Deaton’s role in advocating for crypto against the U.S. Securities and Exchange Commission (SEC). However, the attorney made no direct reference to digital assets in the context of his campaign, choosing to center his message on domestic issues such as inflation and border security.

“I am running for U.S. Senate to continue my life’s mission to shake things up for the people who need it most,” declared Deaton in his campaign launch video.

Senator Warren, a Democrat who has held her seat since 2013, has been a vocal critic of digital assets, asserting that they are frequently employed for illicit activities, including financing terrorist organizations. Despite her well-established position, Deaton’s campaign refrains from directly addressing this contentious issue.

On his campaign website, Deaton emphasized his advocacy for the crypto industry as an attorney, citing instances such as filing an amicus brief on behalf of XRP holders in a lawsuit involving the SEC and Ripple. The website, however, did not disclose any political party affiliation, though reports suggest Deaton is running as a Republican, in contrast to Senator Warren’s Democratic alignment.

Notably, according to Federal Election Commission data, Senator Warren had raised approximately $16 million for her 2024 reelection campaign as of December 31, with about $4 million in cash on hand. In the lead-up to Deaton’s official campaign launch, Warren reportedly sought donations by referencing the attorney as a “big cheerleader for crypto interests,” claiming that the “crypto lobby has put a target on [her] back.”

Uncertainty looms over whether interest groups will contribute to Deaton’s Senate run. In a recent interview, Senator Warren voiced concerns about the substantial financial resources within the crypto industry, stating that some individuals possess “giant buckets of money” to challenge her legislative initiatives.

Despite Deaton being considered a long shot in unseating Senator Warren, who enjoys a favorable rating of 41% among Massachusetts residents, according to a 2023 poll by MassINC Polling Group, the upcoming November 5 election promises to be a closely watched and intriguing political contest.

Photo from Flickr

Disclosure Statement: Miami Crypto does not take any external funding, or support to bring crypto news to the readers. We do not have any conflicts of interest while writing news stories on Miami Crypto.

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