- Ripple donated $1 million to PAC in support of John Deaton’s Senate campaign.
- John Deaton challenges Senator Warren’s crypto-friendly Senate bid.
Eleanor Terrett is a Fox Business Journalist. tweeted about a new Ripple development. Ripple donated $1 million to the Commonwealth Unity Fund. This is a super PAC that was founded by James Murphy. This political action group aims to unseat Senator Warren in Massachusetts and replace her by crypto enthusiast John Deaton.
🚨SCOOP: @Ripple The Commonwealth Unity Fund is a super-PAC created by James Murphy, also known as @MetaLawManTo unseat @SenWarren You can elect @JohnEDeaton1 Massachusetts next Senator. Murphy has donated $50,000.
The story and more details will be revealed soon. pic.twitter.com/32kadpAkE1
— Eleanor Terrett (@EleanorTerrett) July 15, 2024
John Deaton’s Senate Campaign Launched to Combat Senator Warren’s Anti-Crypto Stance
John Deaton’s Senate campaign has been launched with a goal to challenge the current political order. This includes Senator Warren who is known for her critique of crypto.
Deaton personally donated $500,000 and is actively soliciting support from his supporters, hoping to reach $1 million in the next quarter.
The crypto-community has shown interest in this project and given it their support. Charles HoskinsonThe primary election is scheduled for September 3. Primary elections are scheduled for 3 September.
CNF reported On speculations regarding a meeting held at SEC Headquarters to discuss Ripple’s ongoing legal battle.
The 13th of July 2024 was the date when it was decided that XRP does not qualify as a security if traded in public but qualifies when sold to investors. Ripple’s operations and position on the market are affected by Ripple’s legal distinction.
Ripple’s attraction to central banks The promise of blockchain’s speed, security and innovation is what has fueled the demand for it. It uses digital technology to disrupt established banking practices and enable rapid international payments. Legal hurdles must be resolved before an XRP ETF can become a reality.
CoinMarketCap reports that the current XRP value is about $0.5438The. 2.58% It has been a bullish 24 hour period. The bullish sentiment is also evident in the chart. 25.36% During the past seven days
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