Crypto Lawyer John Deaton Announces New US Senate Bid – Will He Succeed This Time?
Pro-XRP lawyer John Deaton has launched a marketing campaign on Monday to run for the U.S. Senate seat in Massachusetts once more. He beforehand failed to unseat trade critic Sen. Elizabeth Warren.
The lawyer known for filing amicus briefs supporting crypto firms in authorized battles in opposition to the US SEC, declared his intention to run for the 2026 US Senate at a latest occasion in Worcester, Massachusetts.
“It’s time for leaders who know combat and ship outcomes. I’m working for the United States Senate to just do that,” Deaton posted on X, seeking contributions from the crypto industry.
This time, he’ll face off in opposition to Democrat Sen. Ed Markey, who introduced legislation in 2023 to crack down on crypto power consumption.
John Deaton Had Well-Financed Campaigns – What About This Time?
The Crypto Twitter linchpin acquired nationwide consideration final yr, working as a pro-crypto candidate in opposition to Warren. He ran a well-financed marketing campaign until the top, however in the end misplaced to Warren by practically 20 factors.
For occasion, crypto-backed political motion committee (PAC) invested $850,000 to bolster Deaton’s Massachusetts Senate main in 2024.
Besides, Gemini’s Winklevoss Twins donated Deaton $500,000 each in Bitcoin to “unseat” Elizabeth Warren and “put an finish to” her conflict on crypto. They referred to as Deaton “pro-Bitcoin, pro-crypto, and pro-business candidate.”
While many crypto trade gamers oppose Markey attributable to his robust stance in opposition to the asset class, in addition to voting against the GENUIS stablecoin bill, the aggressive pro-crypto Trump administration has calmed the trade this yr. As a outcome, crypto is taking part in much less of a visual function this time. Deaton’s latest campaign page doesn’t point out pro-crypto insurance policies if elected.
The web site is open to donations in a number of cryptos, together with Bitcoin, Ethereum, Solana, XRP and memecoins like BONK and Dogecoin.
Massachusetts Struggles to Become Bitcoin-Friendly
The Bay State’s Bitcoin reserve invoice encountered an early setback final month after state lawmakers remained silent, providing no responses on the proposal.
The invoice, titled An Act Relative to a Bitcoin Strategic Reserve, was introduced by Republican State Senator Peter Durant.
Per Bitcoin Reserve Monitor, the tepid response has added Massachusetts to the rising listing of delays.
Further, a city in South Hadley, Massachusetts, is considering a ban on crypto ATMs, citing issues round fraud and cash laundering.
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