• John E. Deaton, a outstanding cryptocurrency lawyer and XRP advocate, introduced his candidacy for the US Senate in Massachusetts for 2026 after shedding the 2024 election by 20 factors.
  • Deaton gained prominence representing XRP holders within the SEC’s case in opposition to Ripple and offered in depth commentary on crypto authorized issues by way of his web site and YouTube channel.
  • The crypto group responded positively to his announcement, with main exchanges like Ripple, Gemini and Kraken having supported his earlier marketing campaign.
  • Regardless of the announcement, XRP costs declined 5% in 24 hours, although the broader crypto market additionally corrected.

John E. Deaton introduced he’ll run once more for a seat within the US Senate in 2026. The lawyer who moved to Massachusetts to challenge Senator Elizabeth Warren – an outspoken anti-crypto voice – misplaced the 2024 normal election by 20 factors.

Deaton is a family title in crypto, or at the very least in XRP circles. He represented tens of 1000’s of XRP holders as Amicus Curiae, or a Pal of the Court docket, providing help whereas not being an official social gathering to the proceedings. He performed an necessary function within the case between the US Securities and Change Fee (SEC) and Ripple, the corporate behind XRP.

Deaton not solely represented XRP holders but additionally reported extensively on the case, providing insightful commentary, usually by way of his Crypto Regulation web site and YouTube channel, which have been go-to sources over time.

Deaton had labored as a private damage lawyer with a deal with asbestos-related ailments previous to becoming a member of the combat for crypto and is reportedly a most cancers survivor himself.

Although it’s unclear what Deaton’s possibilities of profitable are, throughout a marketing campaign at a Worcester occasion, he mentioned, “I’m profitable this time.” 

Massachusetts is historically a blue state, leaning to the Democrats since 1928, with 11 Electoral votes and 61.22% of votes for Kamala Harris in 2024.

Throughout that election, Deaton had the help of crypto-heavyweights like Ripple, Gemini and Kraken, which contributed over US$360k (AU$551.6k) to his marketing campaign.

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Group Reacts to Deaton’s Plans

The crypto group largely welcomed Deaton’s announcement, with one person on Crypto Twitter providing help from as far-off because the UK. Chip from the On The Chain podcast referred to as it an “superb announcement,” whereas one other person, Moonchaser, mentioned, “The place there’s John Deaton, there’s hope”, exhibiting the favored lawyer nonetheless has a robust following locally.

In the meantime, XRP has dropped regardless of the announcement. It was down simply over 5% up to now 24 hours, buying and selling at round US$2.40 (AU$3.67). The decline is according to a broader market correction, as Bitcoin (BTC) additionally fell by about 2.5%.

The bigger drop in XRP could also be linked to a correction after an earlier surge following information that the Depository Belief & Clearing Company (DTCC) has added five spot XRP exchange-traded funds (ETFs) to its line-up. Whereas that is welcome information, it doesn’t essentially imply any of them will probably be authorised by the US SEC.

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