Attorney John Deaton won the Republican nomination for the U.S. Senate seat in Massachusetts. This is a big win for people who support crypto. Deaton, a former Marine and well-known supporter of the bitcoin industry, won the Republican primary with 64% of the vote, beating Bob Antonellis and Ian Cain. He will now run against Elizabeth Warren, a Democrat who is already a senator, in the general election in November.
Deaton is known for defending Ripple and XRP in their court fight against the U.S. Securities and Exchange Commission (SEC). He is painting himself as an innovator, which is very different from Warren’s more negative view of cryptocurrencies. Warren has been speaking out against the crypto industry for a long time. She has proposed several bills to limit the sector’s power, saying that it supports illegal activities like drug trade and terrorism.
Deaton’s winning speech was mostly about bringing people together and talking about bigger political problems. However, the fact that several well-known people in the crypto space backed him shows that the industry strongly supports his run. Executives from Ripple, Cameron and Tyler Winklevoss, owners of Gemini, and other crypto leaders gave money to help his cause. As of the end of July, over $1.7 million had been donated to Deaton’s effort, with a lot of that money coming from the crypto business.
As Warren runs for a third term in office, you can expect a tough race between the two candidates. Warren, who has won two Senate elections, is likely to keep pushing her anti-crypto plan. Deaton, on the other hand, wants to show how encouraging innovation in the industry can help it grow. Two very different ideas about the future of digital assets in America are going to fight it out in the race for the Senate spot.
