As a seasoned crypto investor with a keen interest in the industry’s regulatory landscape, I find myself closely following the Senate race between John Deaton and Elizabeth Warren, particularly after Brad Garlinghouse, the CEO of Ripple, publicly endorsed Deaton. Having witnessed the impact of overzealous regulation on the crypto market, I can’t help but feel a sense of relief that someone like Deaton, who advocates for XRP holders and the entire industry, is running for office.
In simpler terms, the head of payment company Ripple, named Brad Garlinghouse, openly supports John Deaton, a Republican candidate, for a senate seat representing Massachusetts in the U.S. Congress.
In a post on October 22nd, Garlinghouse expressed his strong and genuine backing for Deaton’s Senate campaign, challenging incumbent Elizabeth Warren. The Ripple CEO highlighted Deaton’s efforts in championing XRP holders and the broader cryptocurrency sector in court.
On social media, it was not a shock that Garlinghouse, co-founder of Ripple, along with Chris Larsen and Stuart Aldertoy, its chief legal officer, donated to Deaton’s campaign. Additionally, Ripple is among the largest contributors to the Commonwealth Unity Fund PAC, which backs Deaton and runs media campaigns against Senator Warren.
Senate race a referendum on crypto policy?
During the debates on the 15th and 17th of October, I found myself caught up in a heated discussion about digital asset policies. Senator Warren from Massachusetts accused another participant, presumably a lawyer, of being overly accommodating towards the industry due to his campaign funding. She assertively stated, “My unwavering loyalty in Washington will be to crypto if elected.
Instead, Deaton argued that Senator Warren’s attention in Congress was disproportionately directed towards regulating cryptocurrencies rather than key issues such as immigration and the economy. Notably, many politicians and industry experts have identified Senator Warren and SEC Chair Gary Gensler as the two most vocal opponents of cryptocurrency within the government.
As a crypto investor, I’m closely following the developments at Ripple, especially with the recent statements made by our CEO, Garlinghouse, during his interview at Ripple Swell. He strongly believes that SEC Chair Gensler may find himself on the wrong side of both the law and history regarding certain decisions he might make.
13 days before the U.S. Election, numerous Massachusetts voters have started early voting, while polls in October indicated that Senator Warren was leading her opponent, Deaton, by at least 20 points. Warren has occupied the Senate seat since 2013.
Previously, Larsen and Garlinghouse assisted Deaton’s campaign, whereas Ripple’s co-founder announced a $11 million XRP donation to a political action committee backing Democratic presidential nominee Kamala Harris. At the point of this article’s release, polls suggested that Harris was nearly tied with Trump, her Republican counterpart.
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2024-10-23 19:25