Pro-XRP Lawyer John Deaton '10x More Into BTC, 4x More Into ETH': Hall of Flame

Deaton is a lawyer who has filed amicus briefs supporting legal actions by some crypto firms against the US Securities and Exchange Commission.

A political action committee (PAC) that received donations from players in the crypto industry, including Ripple, has spent $850,000 to support Republican John Deaton in a Massachusetts primary.

The Commonwealth Unity Fund Super PAC reported making two large expenditures to support Deaton, according to records from the Federal Election Commission (FEC). On Aug. 7, the Super PAC reportedly disseminated roughly $450,000 in a direct mail buy to support Deaton. Additionally, on Aug. 6, the PAC reportedly spent more than $500,000 in a media buy for Deaton's campaign. These purchases followed the Super PAC spending more than $300,000 on a media placement for Deaton in July.

Deaton, one of three Republicans running to represent Massachusetts in the United States Senate starting in 2025, has garnered support from many in the crypto industry. In July, Ripple announced it will be donating $1 million to the Commonwealth Unity Fund to support Deaton in his bid to replace Democratic Senator Elizabeth Warren, who has served in the role since 2013.

In April, Gemini co-founders Cameron and Tyler Winklevoss donated $6,600 directly to Deaton’s campaign — the maximum amount allowed by an individual for both primary and election bids. The Winklevoss twins announced in July that they would be contributing a combined $1 million to Deaton, but at the time of publication, it was unclear whether the funds would go directly to the Republican’s campaign or supportive PACs.

Flush with cash

According to FEC records, as of July 31, Deaton had raised roughly $1.7 million in his bid for the US Senate in 2024, with roughly $1 million in cash on hand. Senator Warren had raised roughly $6.4 million since January 2023 and had roughly $4.9 million in cash on hand as of July.

The Massachusetts primary, scheduled for Sept. 3, will likely be one of the next proving grounds for money from crypto interest groups in US elections. On Aug. 6, candidates for the US House of Representatives for four districts across three states backed by the Fairshake Super PAC and its affiliates won their respective primaries after more than $4 million in media buys.

Deaton is a lawyer who has filed amicus briefs supporting legal actions by some crypto firms against the US Securities and Exchange Commission. He launched his Senate campaign in February.

Support for Deaton is not universal across the crypto industry. Wyoming Senator Cynthia Lummis, a Bitcoin BTC holder and digital asset proponent in Congress, endorsed Republican Ian Cain over Deaton in July. The Republican senator cited Cain’s understanding of the “digital economy” and his embrace of innovation.

BTC

$59,011

As of June, many polls had Senator Warren leading by at least 20 points against Cain and Deaton. She is running unopposed in the Democratic primary.

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