Brad Garlinghouse, Ripple CEO, has endorsed John Deaton for the Massachusetts Senate, thereby challenging Elizabeth Warren’s crypto stance.
Brad Garlinghouse, Ripple CEO, has expressed his support for John Deaton, a pro-XRP lawyer, in his campaign to unseat Senator Elizabeth Warren in the Massachusetts Senate election. Garlinghouse commended Deaton for supporting the crypto community, notably the XRP Army, and accused Warren of disseminating inaccurate information about the industry.
Ripple CEO endorses John Deaton’s campaign
Ripple CEO recently shared a link to Deaton’s campaign website in a post on X (formerly Twitter). He also encouraged his followers to donate to the campaign and, if they reside in Massachusetts, to vote for Deaton. Garlinghouse contends that Deaton is a genuine defender of the entire crypto industry and is significantly more qualified for the position than Warren.
The endorsement of Ripple CEO results from the ongoing dispute between crypto enthusiasts and legislators, with Warren serving as the latter’s advocate.
John Deaton, currently serving as the legal representative of XRP holders in the SEC case, is bolstering his political ambitions to contradict Warren’s stance on crypto regulation.
Warren’s Inflation Claims Are Criticised by Deaton and Musk
Both John Deaton and Elon Musk have criticized Senator Elizabeth Warren‘s stance on inflation on Twitter. Warren recently attributed the recent price rise to corporate avarice, which prompted criticism from Deaton and other prominent figures in the crypto market.
In reply to Warren’s assertions, Deaton attributed the responsibility to government policies, stating that the government has printed 80% of all US dollars in circulation over the past four years.
Musk concurred with Deaton’s argument and stated that the United States could face bankruptcy if it substantially fails to reduce government spending. This public dispute has illustrated the growing divide between crypto enthusiasts and politicians such as Warren, who are perceived as hostile to digital currencies.
Leaders of the crypto industry demonstrate their support for Deaton
Tesla CEO Elon Musk and Coinbase CEO Brian Armstrong have both expressed their support for the pro-XRP counsel John Deaton.
Armstrong urged Massachusetts electors to support Deaton and accused Warren of aiding in appointing SEC chair Gary Gensler, whom the crypto community regards as an adversary.
Armstrong also asserted that Warren advocated for the government to regulate the financial sector and is currently targeting the crypto industry to impede its expansion.
He noted that the crypto industry continues to thrive despite Warren’s actions. Armstrong and others have also emphasized that Deaton has advocated for the rights of cryptos, which is why supporting his candidacy for the Senate is a good idea.
The crypto industry continues to pressure Senator Elizabeth Warren significantly as the 2024 Senate race approaches.
Warren, a Democrat and a renowned skeptic of the cryptocurrency industry, has long been a proponent of more stringent regulation and has played a significant role in forming US financial policy. Nevertheless, her stance has made her controversial within the crypto community, as individuals such as Deaton have been vocal in their advocacy for crypto freedom.
