Tue, April 16, 2024 at 18:53

• 

  Kang-hoon

  • Good day, Annie.

  • Today's news is about John Deaton's Massachusetts Senate campaign which is reportedly attracting donations from prominent members of the crypto community.

  • 
• Annie

  • Oh, really?😮 That sounds interesting.

  • Who is John Deaton again?

  
• 

  Kang-hoon

  • John Deaton is an attorney and a vocal supporter of XRP.

  • He's currently running in the Republican primary to challenge incumbent Senator Elizabeth Warren, a Democrat and one of the most outspoken political critics of the digital asset sector.

• Annie

  • Ah, I see.👍 So, who are these high-profile crypto community members donating to his campaign?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Kang-hoon

  • According to a report from Politico, Ripple executives Brad Garlinghouse and Chris Larsen have made maximum-level $6,600 individual campaign contributions.

  • SkyBridge Capital founder Anthony Scaramucci and Gemini co-founders Tyler and Cameron Winklevoss have also reportedly donated the maximum amount.

• Annie

  • Wow!

  • That's quite a lot of support from the crypto community.🤔 But why are they supporting him?

  
• 

  Kang-hoon

  • Well, Scaramucci expressed that Warren represents all the worst things about politicians in the US.

  • 

  • He believes it's no longer about what's right or wrong for the country, but what's hard left.

  • Hence, they're working hard to raise as much money as they can to defeat her.

• Annie

  • I see.

  • So, it's a political move.

  • But what does this mean for the crypto industry?

  
• 

  Kang-hoon

  • Deaton has been very active in the crypto space.

  • He played a significant role in the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple, filing an amicus brief on behalf of XRP supporters.

  • His campaign could potentially influence the future of crypto regulations.

  • 
• Annie

  • Hmm...interesting.🤔 So, is this news good or bad for the crypto market?

  
• 

  Kang-hoon

  • In my opinion, this is good news for the crypto market.

  • If Deaton wins the Senate seat, he could potentially advocate for more favorable regulations for the crypto industry.

  • 

  • However, it's important to remember that political campaigns are unpredictable and anything can happen.

  • Upon comprehensive consideration, this news is perceived as a 😍Bullish.