Ripple’s Brad Garlinghouse joins crypto leaders in backing John Deaton over Elizabeth Warren Ripple’s Brad Garlinghouse joins crypto leaders in backing John Deaton over Elizabeth Warren
Ripple's CEO Brad Garlinghouse slammed Sen. Elizabeth Warren anti-crypto stance.
2 min read
Updated: Oct. 23, 2024 at 3:05 pm UTC
Gage Skidmore / CC BY-SA 2.0 / Wikimedia. Remixed by CryptoSlate
Ripple CEO Brad Garlinghouse has publicly endorsed pro-crypto lawyer John Deaton‘s campaign to unseat Senator Elizabeth Warren and become the next senator from Massachusetts.
On Oct. 22, Garlinghouse stated that he supports Deaton “enthusiastically and wholeheartedly ” and praised the attorney for being a tireless advocate for XRP and the broader cryptocurrency industry.
Deaton endorsement
The Ripple CEO also criticized Senator Warren for disseminating misinformation about crypto, stating:
“Deaton [has] been a relentless advocate for the XRP Army (aka XRP Family) and the entire crypto industry. Meanwhile, his opponent, Sen Warren spreads misinformation and lies about crypto.”
In his post, Garlinghouse encouraged supporters to donate to Deaton’s campaign and to vote for him in the upcoming Senate election.
Garlinghouse’s endorsement is unsurprising, considering Deaton has consistently championed XRP and participated in lawsuits to defend the interests of the digital asset holders. The crypto lawyer has consistently called for clearer regulatory guidelines for the crypto sector and criticized the US government’s enforcement-focused regulatory approach.
In contrast, Senator Warren has been a vocal opponent of the crypto industry. She previously announced her intention to establish an anti-crypto coalition and has supported several pieces of legislation viewed as detrimental to the sector. Critics have also accused her of aligning with financial institutions that traditionally opposed her.
Meanwhile, Garlinghouse’s approval is part of a broader wave of support for Deaton from influential figures in the crypto space. On Oct. 21, Coinbase CEO Brian Armstrong and tech billionaire Elon Musk urged Massachusetts voters to back Deaton, emphasizing that the lawyer was a better candidate than Warren.
Ripple Custody business expands
In a separate development, Ripple’s custodial business is expanding through a strategic partnership with Turkey’s second-largest private bank, Garanti BBVA’s digital asset companyย and IBM.
This collaboration aims to enhance the bank’s capabilities in building and managing institutional-grade critical management infrastructure.
Korcan Abalฤฑ, CEO of Garanti BBVA Kripto, commented on the growing demand for digital assets among their clients, stating:
“The number of our customers who prefer to transfer and store their crypto assets is increasing daily.”
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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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Theย XRP Ledgerย is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
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.
Brad Garlinghouse stands at the forefront of financial technology as the CEO of Ripple.
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.
Elizabeth Warren is an American politician and former academic known for being fiercely anti-Bitcoin and anti-crypto.
Brian Armstrong, co-founder and CEO of Coinbase, stands at the forefront of the digital currency revolution.
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.