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US Senator Elizabeth Warren Could Lose Her Seat to Crypto


Pro-crypto advocate and aspiring US Senate candidate John Deaton has outpaced incumbent Senator Elizabeth Warren in fundraising during the year’s first quarter.

According to publicly available data from the Federal Election Commission, Deaton raised $1.36 million, surpassing Warren’s $1.1 million.

Crypto Community Throws Weight Behind Deaton

Fox Business journalist Eleanor Terrett revealed that Deaton’s support base included several prominent figures in the crypto industry, including Ripple’s Brad Garlinghouse and Chris Larsen, Cardano’s Charles Hoskinson, Gemini’s Tyler and Cameron Winklevoss, and Bitcoin entrepreneur Jameson Loop.

Earlier in the year, Deaton launched an official campaign to unseat Elizabeth Warren in the US Senate. Due to Warren’s pronounced anti-crypto stance, his campaign has drawn enormous support from industry leaders.

Warren has noticed Deaton’s momentum, as reports indicate she’s intensifying efforts to rally her donor base. The lawmaker reportedly portrayed Deaton as a crypto advocate aligned with the Republican Party, emphasizing her advocacy for stricter regulations on the industry.

TOTAL RECEIPTS $1,364,965.38
TOTAL CONTRIBUTIONS $360,690.38
Total individual contributions $360,690.38
Itemized individual contributions $214,156.45
Unitemized individual contributions $146,533.93
Party committee contributions $0.00
Other committee contributions $0.00
Candidate contributions $0.00
TRANSFERS FROM OTHER AUTHORIZED COMMITTEES $0.00
TOTAL LOANS RECEIVED $1,000,000.00
Loans made by candidate $1,000,000.00
Other loans $0.00
OFFSETS TO OPERATING EXPENDITURES $0.00
OTHER RECEIPTS $4,275.00
John Deaton’s Donation Summary. Source: Federal Election Commission

While Elizabeth Warren asserts confidence in her ability to face any challenge, her outreach for donations suggests she recognizes the potential threat John Deaton poses.

Nonetheless, Deaton views himself as a credible contender, citing internal sources revealing Warren’s mention of him in various communications. He also alluded to a video featuring Warren and Karen Spilka joking about his book, hinting at his candidacy’s seriousness.

“A friend of mine is a registered Democrat in Texas. He called me the other day to let me know that he’s received multiple emails from Warren mentioning me by name and calling me a serious threat to her seat. I reminded him that it’s not her seat, and I intend to reclaim it and give it back to the working families of Massachusetts. I’m on Senator Warren’s mind for a good reason…if a candidate had zero chance to win, he wouldn’t be on your mind and you certainly wouldn’t make jokes about how he has no chance. Somebody’s worried,” Deaton added.

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Conclusion

In conclusion, John Deaton, a pro-crypto advocate and US Senate candidate, has surpassed incumbent Senator Elizabeth Warren in fundraising during the first quarter of the year. Deaton’s significant support from prominent figures in the crypto industry, such as Brad Garlinghouse, Charles Hoskinson, and the Winklevoss twins, has fueled his campaign against Warren, who has a history of anti-crypto stances. Despite Warren’s confidence in facing any challenge, Deaton’s momentum and support base have caused her to intensify efforts to rally donations. Deaton considers himself a credible contender, citing mentions of him in Warren’s communications and indicating her potential concern about his candidacy. The fundraising numbers and industry support demonstrate Deaton’s growing influence in the political landscape.

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