NFT
Ripple Donates $1 Million to Support Pro-Crypto Candidate in Senate Race
Tuesday. July 16 at 9:00 PM
1 min. readRipple has contributed $1 million to back XRP advocate John Deaton's campaign to challenge Senator Elizabeth Warren in the Massachusetts Senate race. The donation went to a super PAC called the Commonwealth Unity Fund, established by pro-XRP lawyer James Murphy. Deaton, known for his pro-crypto stance, has criticized Warren and the SEC for their treatment of the industry. Notable figures in the crypto space, including Ripple's CEO and founders of Cardano and Gemini, have supported Deaton. The crypto industry's influence in elections is growing, with firms like Ripple and Coinbase investing in pro-crypto candidates. Nonpartisan groups are also mobilizing crypto voters. Candidates are recognizing the impact of the crypto vote on election outcomes. The SEC is expected to approve crypto ETFs, reflecting growing support for the sector. However, caution is advised in cryptocurrency investments.