John Deaton’s Senate campaign in Massachusetts is reportedly bringing in donations from high-profile members of the crypto community.
The lawyer and outspoken XRP supporter is running in the Republican primaries, which will determine who gets to challenge incumbent Senator Elizabeth Warren, a Democrat and one of the digital assets industry’s most outspoken political critics.
Deaton received individual campaign contributions of up to $6,600 from Ripple executives Brad Garlinghouse and Chris Larsen, according to a new report from Politico. SkyBridge Capital founder Anthony Scaramucci also reportedly donated the maximum amount, as did Gemini co-founders Tyler and Cameron Winklevoss.
Scaramucci, who served an extremely short stint in the Trump administration in 2017, tells Politico that Warren “represents all the worst things” about politicians in the US.
“It is no longer about what is right or wrong for the country, but about what is left. So we’re going to do our very best to spend as much money as we can and raise as much money as we can to beat her.”
Individuals can donate up to $3,300 for the primaries and up to $3,300 for the general election, according to Federal Election Commission contribution limits. Cardano (ADA) founder Charles Hoskinson also reportedly put up $3,300 for Deaton’s primary.
Deaton played an active role in the U.S. Securities and Exchange Commission’s (SEC) lawsuit against Ripple, filing an amicus brief on behalf of XRP supporters in opposition to the regulator’s motion for summary judgment.
Warren sponsored the Digital Asset Anti-Money Laundering Act, which aims to bring the crypto industry into compliance with the same money laundering regulations that apply to the traditional financial system.
The bill, which Warren first introduced in 2022 and then again last July, would extend the responsibilities of the Bank Secrecy Act (BSA), including Know-Your-Customer (KYC) requirements, to crypto wallet providers , miners, validators and other network participants. among other things.
The US crypto lobby has labeled the potential legislation as an industry killer.
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