- John E. Deaton, a pro-XRP lawyer, has officially secured his place on the Massachusetts Republican ballot for the 2024 US Senate elections.
- Deaton’s campaign announcement has stirred notable attention, setting the stage for a direct challenge against incumbent Democrat Senator Elizabeth Warren.
- Deaton has been a significant figure in the legal battles involving XRP, a digital currency often in the crosshairs of US regulators.
John E. Deaton, a pro-XRP lawyer, has officially secured his place on the Massachusetts Republican ballot for the 2024 US Senate elections, challenging incumbent Democrat Senator Elizabeth Warren.
Deaton’s Candidacy Announcement
Deaton’s entry into the political arena follows his vocal criticism of what he perceives as overreach by the Securities and Exchange Commission (SEC). He particularly targets Senator Warren’s stance on cryptocurrency regulations. Deaton announced his candidacy after confirming the validation of 11,873 signatures needed to secure his spot on the ballot.
Deaton’s Stance on Cryptocurrency Regulations
Deaton has been a significant figure in the legal battles involving XRP, a digital currency often in the crosshairs of US regulators. He criticized the SEC’s classification of XRP as a security, which contrasts with the stance of several other countries that deem it a non-security asset. Deaton represented 75,000 XRP holders in the US and globally, arguing their case pro bono, which ultimately led to a legal victory where US District Judge Analisa Torres ruled that XRP itself is not a security.
Support for Deaton’s Campaign
Deaton’s campaign has already attracted support from various corners, including crypto-related political action committees (PACs) and individuals within the crypto community like Cardano founder Charles Hoskinson. Even individuals from outside the community like Mark Cuban view his candidacy as a counter to Senator Warren’s allegedly “irrational attacks on the crypto industry” and her efforts to sever connections between banks and cryptocurrency entities.
Conclusion
As the first GOP candidate to make it onto the Massachusetts ballot for the upcoming election, Deaton’s campaign is poised to be a focal point for discussions on cryptocurrency regulations and their role in broader US policy. At press time, XRP traded at $0.50588.
