Ripple CEO endorses Republican John Deaton in Senate race towards Elizabeth Warren

• Ripple CEO Brad Garlinghouse endorses John Deaton towards Senator Elizabeth Warren.
• Deaton has robust pro-crypto advocacy; Warren criticizes him on varied points.
• Ripple helps Deaton’s marketing campaign whereas additionally backing Kamala Harris’s candidacy.

Ripple CEO Brad Garlinghouse has thrown his assist behind Republican John Deaton in his bid to unseat incumbent Senator Elizabeth Warren in Massachusetts.

Garlinghouse publicly endorsed Deaton in an October 22 publish on X, saying he “enthusiastically and wholeheartedly” backs Deaton as a result of his work advocating for XRP holders and the broader crypto business.

Ripple helps Deaton towards Warren

Deaton, a well known lawyer, has been a vocal supporter of cryptocurrency and is difficult Senator Warren, one among crypto’s most distinguished critics.

Garlinghouse’s endorsement got here as no shock to many, given Ripple’s substantial contributions to Deaton’s marketing campaign regardless of additionally contributing $11 million in XRP to a political motion committee supporting Democratic presidential candidate Kamala Harris.

Apparently, regardless of Ripple co-founder Chris Larsen not too long ago endorsing Kamala Harris, he and the corporate’s chief authorized officer Stuart Alderoty have additionally donated to Deaton’s Senate run.

Moreover, Ripple is a significant donor to the Commonwealth Unity Fund PAC, which has been operating media campaigns in assist of Deaton and towards Senator Warren.

Conflict over digital asset insurance policies

Crypto regulation has emerged as a big challenge within the Senate race, with Deaton and Warren clashing over digital asset insurance policies throughout two current debates.

Warren has accused Deaton of prioritizing the pursuits of the crypto business over different essential points akin to immigration and the economic system. She has claimed that Deaton’s marketing campaign is beholden to crypto, saying “100% of his loyalty in Washington shall be to crypto.”

Deaton, in flip, has criticized Warren for focusing excessively on regulating digital belongings and failing to deal with different urgent considerations. Warren and Securities and Change Fee Chair Gary Gensler have change into two of essentially the most outspoken critics of cryptocurrency in US authorities.

With lower than two weeks till the US elections, Warren holds a big lead in most polls, however Garlinghouse’s endorsement of Deaton highlights the rising significance of crypto coverage in political debates.