Elon Musk and Brian Armstrong boost John Deaton’s bid to dethrone Elizabeth Warren in Massachusetts Elon Musk and Brian Armstrong boost John Deaton’s bid to dethrone Elizabeth Warren in Massachusetts
Pro-crypto lawyer Deaton enjoys strong backing from major stakeholders in the emerging industry.
2 min read
Updated: Oct. 21, 2024 at 1:34 pm UTC
John Deaton / Image via johndeatonforsenate.com
Coinbase CEO Brian Armstrong and billionaire Elon Musk have joined a growing list of notable figures endorsing pro-crypto attorney John Deaton in his bid to unseat Senator Elizabeth Warren as Massachusetts’s representative.
On Oct. 21, Armstrong took to the social media platform X (formerly known as Twitter), urging crypto holders in Massachusetts to back Deaton. He criticized Warren for her role in appointing Gary Gensler as SEC Chair and accused her of supporting efforts to dismantle the crypto industry in the US.
He wrote:
“Crypto holders in MA should realize Sen Warren is the one who got Gary Gensler his job and encouraged him to (unlawfully) try and kill the crypto industry in America..”
Armstrong also described Warren as an advocate of heavy government control, calling her “anti-freedom.” He added:
“She is anti-freedom, thinks the government should run all financial services (similar to China), and has done enormous harm to this country.”
Shortly after Armstrong’s statement, Musk voiced his support for Deaton with a brief but precise “Yes” post in response to the Coinbase CEO. Musk’s backing aligns with his pro-crypto stance and support for other crypto-friendly figures like presidential candidate Donald Trump.
Crypto support for Deaton
Armstrong and Musk’s endorsements are the latest in a wave of support for Deaton’s Senate campaign. Earlier this year, Ripple contributed $1 million to Deaton’s campaign through a political action committee called the Commonwealth Unity Fund.
Tyler Winklevoss, co-founder of Gemini, has also urged voters in Massachusetts to back Deaton, citing Warren’s harmful actions against the crypto industry. In July, Gemini founders Tyler and Cameron Winklevoss donated $1 million to a super PAC supporting Deaton.
Other prominent figures in the crypto world, including Cardano founder Charles Hoskinson and Ripple CEO Brad Garlinghouse, have also endorsed Deaton. They view him as a key player in defending the crypto industry from what they describe as Warren’s “anti-crypto crusade.”
Over the years, Deaton has built a strong reputation for his involvement with Ripple XRP and is positioning himself as a staunch defender of the crypto sector. His challenge to Warren, one of Congress’s most vocal crypto opponents, has made him the preferred candidate for many within the industry.
Meanwhile, Senator Warren has criticized Deaton for his deep connections to the crypto industry. During a recent debate, she remarked:
“80% of Mr. Deatonโs wealth is tied up in crypto, 90% of his campaign funding is coming from crypto, and 100% of his loyalty in Washington will be to crypto: that is corruption.”
Despite Deaton’s strong backing from the crypto community, recent polls from earlier this month show Warren leading Deaton 56% to 34%.
Mentioned in this article
XRP 
Bitcoin 
Cardano 
Ripple 
Coinbase 
Gemini 
Charles Hoskinson 
Elizabeth Warren 
John Deaton 
Ben Armstrong 
Gary Gensler 
Tyler Winklevoss 
Cameron Winklevoss 
Elon Musk 
Donald Trump Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Theย XRP Ledgerย is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Bitcoin
$100,378.26
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Cardano
$1.13879
Cardano is a decentralized public blockchain and cryptocurrency project and is fully open source.
Ripple
Ripple is a US-based technology company which develops the Ripple payment protocol and exchange network using XRP, the digital asset native to the XRP Ledger.
Coinbase
Coinbase is a digital currency exchange and wallet service that allows individuals to buy, sell, and store digital currencies, such as Bitcoin, Ethereum, and Litecoin.
Gemini
Gemini is a regulated digital asset exchange and custodian that allows customers to buy, sell, store, and stake digital assets in a regulated, secure, and compliant manner.
Charles Hoskinson, based in Colorado, stands out as a prominent figure in the blockchain and cryptocurrency sphere.
Elizabeth Warren is an American politician and former academic known for being fiercely anti-Bitcoin and anti-crypto.
John Deaton is the founder and host of CryptoLaw which was launched in 2021 to provide digital asset holders with information, news, and analysis on key U.S.
Benjamin Armstrong, popularly known as โBitboyโ is a YouTuber, podcaster, cryptocurrency enthusiast, and creator of BitBoyCrypto.com.
Gary Gensler is an American government official and former investment banker who President Joseph Biden nominated to chair the U.S.
Tyler Winklevoss, known for his pioneering role in the cryptocurrency realm, is a Harvard University alumnus with a degree in Economics and holds an MBA from Oxford University.
Cameron Winklevoss, a renowned figure in the cryptocurrency sector, is a Harvard University graduate with a degree in Economics and holds an MBA from Oxford University.
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.
Donald John Trump was born on June 14, 1946, in Queens, New York City.
