Strong fundraising support keeps crypto legal advisor, John Deaton, at a high chance of winning a senatorial seat in parliament against senior US senator, Elizabeth Warren.
Fox Business reporter, Eleanor Terrett, said in her tweet that John Deator, the candidate in the election, has overtaken Elizabeth Warren to win the election. The report highlights that Deaton successfully raised the total funds of $1.36M which is $260,000 more than Elizabeth Warren’s $1.1M in the first quarter.
🚨NEW: According to the Federal Election Commission, @DeatonforSenate outraised @SenWarren in the first quarter with Deaton raising total revenues of $1.36M and Warren $1.1M.
— Eleanor Terrett (@EleanorTerrett) April 12, 2024
According to his campaign, Deaton has received donations from prominent figures in the #crypto industry…
Corporate Funding bulls the John Deaton’s Campain
Terrett’s, reports as of 12 April, Friday, state the fundraising attribution on the part of John Deaton. “According to his campaign, Deaton has received donations from prominent figures in the crypto industry such as Ripple execs Brad Garlinghouse, Chris Larsen, Cameron and Tyler Winklevoss, Charles Hoskinson, Jameson Lopp, and Anthony Scaramucci,”
According to Cryptonews data, In favour of a campaign, John Deaton has accumulated the maximum funding of $6600 from renowned sources including Garlinghouse, Larsen, Scaramucci, and the Winklevoss.
Elizabeth Warren has noted that the corporate sources have immensely supported the substantial fundraising of her opponent, John Deaton. In effect to this in February, she issued a warning to her supporters, saying “I’m not afraid, but this now means we need to prepare to compete against funding from powerful special interests, Wall Street, and the GOP,”.
Deaton’s Legal Advisory Profile
John Deaton has maintained his strong position in the crypto industry. His record as a legal advisor is quite as impressive as that of a legal representative for XRP holders against the SEC. The case ended in 2023 in the interest of the XRP holder’s motive and delivered the grace of fame.
Additionally, Deaton participated in several legal cases against the SEC as a crypto attorney. One was Grayscale vs. SEC, where Deaton harshly criticized the SEC for its crackdown on the crypto industry as a whole. The case led to the SEC authorizing bitcoin spot ETF trading that had otherwise been vehemently denied by Elizabeth Warren.
Deaton Vs Warren
Other than the crypto industry, Deaton and Warren witnessed several clashes, whether with student loan forgiveness or monetary policy.
Deaton, on Friday, 12 April made a tweet to X, saying “I’ve beaten the odds as an underdog my entire life and I’m going to do it again. The only difference this time, is the world will get to witness it,”
I’ve beaten the odds as an underdog my entire life and I’m going to do it again. The only difference this time, the world will get to witness it. https://t.co/R2EgDcPthr
— John E Deaton (@JohnEDeaton1) April 12, 2024
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