• Ripple CEO Brad Garlinghouse is backing John Deaton towards Sen. Elizabeth Warren.
• Deaton is a powerful advocate of cryptocurrencies. Warren has criticized him on a wide range of points.
• Whereas Ripple helps Deaton's marketing campaign, it additionally helps Kamala Harris' candidacy.

Ripple CEO Brad Garlinghouse is backing Republican John Deaton to unseat incumbent Massachusetts senator Elizabeth Warren.

Garlinghouse publicly supported Deaton in an Oct. 22 publish about He mentioned he helps him.

Ripple backs Deaton towards Warren

Mr. Deaton, a distinguished lawyer, has been a vocal supporter of cryptocurrencies, difficult considered one of its most distinguished critics, Sen. Warren.

Garlinghouse, provided that Ripple donated $11 million in XRP to a political motion committee supporting Democratic presidential candidate Kamala Harris, made important contributions to Deaton's marketing campaign. 's help got here as no shock to many.

Curiously, though Ripple co-founder Chris Larsen just lately endorsed Kamala Harris, he and the corporate's chief authorized officer, Stuart Alderroti, additionally supported Deaton's Senate bid. is making a donation to

Moreover, Ripple is a serious donor to the United Fund PAC, which is operating a media marketing campaign supporting Deaton and towards Sen. Warren.

Battle over digital asset coverage

Cryptocurrency regulation has emerged as a key problem within the Senate race, with Deaton and Warren clashing over digital asset coverage in two latest debates.

Warren accused Deaton of placing the pursuits of the cryptocurrency trade forward of different essential points corresponding to immigration and the financial system. She argued that Deaton's marketing campaign owes cash to cryptocurrencies, saying, “His loyalty in Washington might be 100% to cryptocurrencies.”

In the meantime, Deaton criticized Warren for focusing an excessive amount of on regulating digital belongings and failing to handle different urgent issues. Warren and Securities and Alternate Fee Chairman Gary Gensler have turn into two of probably the most outspoken critics of cryptocurrencies inside the US authorities.

With lower than two weeks till the U.S. election, most polls present Warren with a major lead, however Garlinghouse's endorsement of Deaton underscores the rising significance of crypto coverage in political debates. It's highlighted.