Pro-cryptocurrency lawyer John Deaton It has been confirmed that he will face his Democratic rival. Elizabeth Warren (D-Mass.) in the November election.
What happened:Deaton won the Republican nomination for Senate in Tuesday's Massachusetts primary election, according according to an Associated Press report.
In his victory speech, the Senate candidate promised to wage a campaign on border security, the state of health care, corruption and other issues, but he made no mention of cryptocurrencies.
Deaton is well known in the cryptocurrency community for his support of Ripple Labs in the ongoing legal dispute with the SEC, representing several individual XRP holders in the case.
Additionally, he is said to hold 80% of his wealth in Bitcoin, potentially making him the political candidate with the largest Bitcoin holdings.
Crypto community applauds Deaton's candidacy: The cryptocurrency community has given the development the thumbs up.
Left-leaning cryptocurrency advocate Cuban brand He congratulated Deaton on the achievement and said, “Only 1 W left!”
Pedro RochardVice President of Research at Anti-riot platformsHe also congratulated the pro-cryptocurrency lawyer on his achievement and wished him luck.
Matthew SigelHead of Digital Asset Research at Van Eck, He also applauded Deaton's candidacy.
See also: El Salvador's President Nayib Bukele says Bitcoin adoption has not been a “resounding success”: “We have never forced anyone to adopt it”
Why is it important?Deaton's campaign has received significant support from the cryptocurrency industry. Tyler and Cameron Winklevoss, co-founders of cryptocurrency exchange Geminidonated $1 million in Bitcoin BTC/USD To the lawyer.
Besides, Commonwealth Unity Funda cryptocurrency-focused super PAC, has spent almost $1.33 million to bolster Deaton's fight against Warren, according to OpenSecrets.
By contrast, Warren, who is running for a third term, has been criticized by cryptocurrency enthusiasts over the years for her critical stance on the industry, accusing it of facilitating illegal activities, including money laundering and terrorism.
Look at this:
Photos courtesy of Gage Skidmore via Flickr and John Deaton Campaign
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