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Ripple co-founder Brad Garlinghouse has endorsed XRP lawyer John Deaton, in his run for Senate against anti-crypto Senator Elizabeth Warren, citing Deaton’s strong support for the XRP community and the wider crypto industry.
Key Notes
John Deaton has garnered backing from key figures in the crypto world as he challenges Senator Warren.Deaton, along with tech billionaire Elon Musk, has criticized Senator Warren's stance on inflation, attributing rising prices to the government's excessive money printing.Apart from Ripple co-founder Brad Garlinghouse, other crypto veterans have also endorsed Deaton in the past.Ripple co-founder Brad Garlinghouse has openly come out in support of the Republican nominee from Massachusetts John Deaton also popular in the crypto community for his extended help in the XRP lawsuit. Deaton is fighting against long-time anti-crypto Senate member Elizabeth Warren.
Recently, John Deaton has been consolidating support from crypto industry leaders and other market players as he takes on anti-crypto Senator Warren. Many industry players believe that Elizabeth Warren has been instrumental in supporting SEC Chair Gary Gensler in the crypto industry crackdown and is also part of “Operation Choke Point 2.0”.
In his recent post on the X platform, Garlinghouse promoted the link to Deaton’s website while asking his followers to donate to his campaign. Ripple CEO Brad Garlinghouse praised John Deaton as a strong advocate for the entire crypto industry, stating that he would be far more suitable for leadership than Senator Elizabeth Warren.
Garlinghouse’s endorsement comes amid ongoing tensions between crypto supporters and politicians, with Warren representing the political opposition. The Ripple CEO wrote:
“John Deaton has been a relentless advocate for the XRP Army (aka XRP Family!) and the entire crypto industry. Meanwhile, his opponent, Senator Warren spreads misinformation and lies about crypto. I endorse John enthusiastically and wholeheartedly in his run for Senate. For those of you in a position to do so, I encourage you to donate to his campaign (as I have!) whether it’s $10 or $100, it all counts. And most importantly… VOTE FOR HIM if you’re in Massachusetts!”
John Deaton and Elon Musk Slam Senator Warren’s Inflation Claims
Earlier this week, Massachusetts Senator Elizabeth Warren complained about inflation, the rising prices, and her crackdown on corporations to bring costs down. Responding to this, the pro-XRP lawyer John Deaton stated that the Biden administration has been responsible for causing this inflation.
“The government printed 80% of all USDs during the last FOUR years. That’s a big reason inflation hit the highest it’s been in 40 years,” said Deaton.
Later, tech billionaire Elon Musk also came in support of Deaton and corrected Senator Warren for her wrong reporting about inflation. Previously, Musk has also warned that without a significant reduction in government spending, the US could effectively face bankruptcy.
Government overspending causes inflation. End of story.
— Elon Musk (@elonmusk) October 22, 2024
John Deaton has been a strong crypto proponent and holds 80% of his net worth in Bitcoin. He said that crypto presents a huge opportunity to retail investors just as Apple Inc during the 80s.
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Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.
