Ripple, a leading company in the crypto space, has made a substantial donation aimed at removing Senator Elizabeth Warren from her position as Senator from Massachusetts. Pro-crypto journalist Eleanor Terrett of FOX Business highlighted this significant development. Specifically, Ripple donated $1 million to the Commonwealth Unity Fund, a new political action committee (PAC) founded by pro-XRP lawyer James Murphy.
Support for John Deaton’s Candidacy
Ripple’s donation will bolster efforts to unseat Senator Warren and promote Attorney John Deaton as the next Massachusetts Senator. In addition to Ripple’s contribution, Attorney Murphy personally supported the initiative with a $50,000 donation. This move aligns with Ripple’s earlier support for Deaton’s campaign to dethrone Senator Warren. Back in April, Ripple executives Brad Garlinghouse and Chris Larsen each donated the maximum individual campaign contribution of $6,600 to Deaton’s campaign.
Related article: Ripple Launches Real-Time XRP Payment Simulation Tool
These contributions were split equally between the primary and general elections. Besides Ripple executives, other prominent figures in the crypto community, like Cardano founder Charles Hoskinson, have also supported Deaton’s bid. As of April, Deaton had raised $1.26 million, largely funded by crypto enthusiasts. This widespread support underscores the high stakes of the Massachusetts senatorial election, which has become a battleground between pro-crypto and anti-crypto factions.
Significance Of The Election
Leading the pro-crypto faction, Deaton is a former U.S. Marine and lawyer dedicated to the growth of the U.S. crypto industry. His significant contributions include his involvement in the legal battle between the U.S. SEC and Ripple, where Judge Torres ruled that Ripple’s programmatic sales and other distributions of XRP do not constitute investment contracts.
Related article: Ripple on the Rise: Bullish Signs Emerge Amidst Market Volatility
On the other side, Senator Warren, a seasoned politician with over a decade of experience, leads the anti-crypto faction. Known for her strong anti-crypto stance and efforts to ban the emerging asset class, she has been a formidable opponent to the industry’s growth. Consequently, crypto industry leaders are heavily donating to Deaton’s campaign to unseat her. Ripple’s $1 million donation to the Commonwealth Unity Fund marks a pivotal moment in the Massachusetts senatorial race.
This contribution and other significant donations highlight the deep divide between pro-crypto and anti-crypto forces. This election is a critical event for the future of the U.S. crypto industry.
