The crypto company Ripple donated $1,000,000 to support pro-XRP candidates John Deaton in their bid to defeat US Senator Elizabeth Warren. Both candidates vie for Massachusetts’ seat. However, the Massachusetts candidate is a vocal opponent of anticrypto legislation.
Filings reveal The Commonwealth Unity Fund, a super PAC funded by the XRP-issuer. John Murphy created the fund, which is designed to take on Warren’s consistent opposition against this asset class. Ripple is embroiled in an ongoing legal dispute with the SEC and wants to see clearer regulations in the United States.
You may also like: Ripple: Algorithm Predicts XRP To Reach $6: Here’s the Timeline
Ripple Gives John Deaton to John Deaton to Compete Elizabeth Warren
Crypto was never as crucial to the 2024 presidential elections. Both sides are clear on their stances. Politicians are also building campaigns that have clear views on the assets’ place in market. Crypto companies also use their influence.
Ripple is the latest to try and unseat US senator Elizabeth Warren. They have donated $1 million dollars to John Deaton, a pro-XRP advocate. Deaton was well-known in the crypto-currency community for his critical stance against the SEC. James Murphy, who called Deaton a “uniter,” In a post to X (formerly Twitter).
You may also like: Ripple Analysts Predict XRP Surge to $0.66 as Volume Skyrockets
“For me and my family, this election is simply too important to just stand on the sidelines,” Murphy Said “We desperately need a uniter like John Deaton in the Senate.” Ripple doesn’t appear to be the only crypto company that supports candidates.
Coinbse a16z and Ripple are all part of the Fairshake Super PAC, which supports cryptocurrency supporters in 2024. Additionally, The Wall Street Journal Donald Trump received $3,000,000 in cryptocurrency donations, according to a report. His commitment to the crypto industry has been evident throughout his entire campaign. He will also be speaking this month at the Bitcoin Conference.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru