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The Stand With Crypto PAC has recently revealed backing for Pro-XRP lawyer John Deaton in his race against Elizabeth Warren. The Republican candidate, Deaton, has gained notable traction from the crypto community in his run against the Massachusetts Senator. It’s worth noting that a flurry of crypto market enthusiasts sees Senate Warren as an anti-crypto individual who hinders innovation and growth in the sector.
Stand With Crypto PAC Backs Pro-XRP Lawyer John Deaton
The Coinbase-backed ‘Stand With Crypto’ PAC has recently revealed its backing for the pro-XRP lawyer John Deaton. Deaton, the renowned lawyer who has fought with the SEC on behalf of the XRP community, is running to unseat Massachusetts Senator Elizabeth Warren.
Notably, his active criticism of the US SEC’s regulatory overreach in the digital assets sector has gained notable attention lately, which makes him a favorite candidate for crypto market enthusiasts.
Meanwhile, the PAC’s announcement, which also includes endorsements for Senator Ted Cruz and Marsha Blackburn, aims to highlight political figures who champion crypto causes. The group stressed that the upcoming US election is important for the crypto sector. Having said that, it is actively endorsing the pro-crypto candidates who support innovation in the digital assets space.
In addition, this latest backing for John Deaton comes after months of his criticism of Elizabeth Warren for their tough stance on crypto regulation. Many in the crypto community say that the Senator is hindering innovation and growth in the blockchain space.
Crypto Community Lauds As Elizabeth Warren Faces Heavy Backlash
Fox journalist Eleanor Terrett highlighted the update in a recent X post, which has received immense support from the crypto community. It appears that the crypto market enthusiasts are also backing John Deaton, for his extended fight against the US SEC and other anti-crypto politicians like Elizabeth Warren.
The ‘Stand With Crypto’ PAC’s recent X post echoed similar sentiments, encouraging the crypto world to mobilize ahead of the fall election. The advocacy group has made clear its intention to help elect lawmakers who understand the potential of blockchain technology and cryptocurrencies. Notably, Senate Warren has faced heavy backlash from the crypto community lately.
Meanwhile, other endorsements from the PAC include representatives in the House, such as Jake Auchincloss, Byron Donalds, Tom Emmer, and Ritchie Torres. This bipartisan list underscores the growing recognition of crypto as a central issue across both sides of the political aisle.
It’s worth noting that crypto has become a key issue in the upcoming US Presidential election. For instance, Donald Trump has shifted his focus toward the digital assets space. Recently, he has also made his first public Bitcoin purchase at a pub, sparking market enthusiasts. Simultaneously, his opponent, US Vice President Kamala Harris has also recently pledged to make the US a leader in blockchain and AI technology.
Rupam Roy
Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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