The rumor has been floating round for a while, however now there are rising indications that the favored pro-XRP lawyer John E. Deaton could possibly be working for a seat within the US Senate within the state of Massachusetts towards arguably the biggest enemy of crypto, Elizabeth Warren. This information, first damaged by the Boston Globe and additional mentioned on social media, highlights a brewing political showdown that would have vital implications for the way forward for crypto regulation in the USA.

Run John, Run!

In keeping with the Boston Globe, GOP insiders have confirmed that Deaton is taking a “serious look” on the race, with Jim Conroy, a famous Republican strategist, stating, “Deaton is seriously considering running as a Republican in this year’s US Senate race against Democrat Elizabeth Warren.” This transfer might introduce a candidate with a deep dedication to the crypto sector as a serious challenger to Warren, who has been vocal about her issues concerning digital currencies.

Deaton’s journey from a difficult childhood to his advocacy for cryptocurrency – as immortalized in his guide “Food Stamp Warrior” – has been marked by vital achievements. A former US Marine and a lawyer with many years of expertise, Deaton has been a formidable advocate for asbestos victims and, extra just lately, for the rights of cryptocurrency holders.

His involvement within the SEC vs. Ripple Labs case, the place he represented XRP holders, underscores his perception within the want for balanced cryptocurrency regulation. Deaton has argued, “The industry needs to accept that good legislation and regulation is what is required, not no regulation.”

The potential Senate race has additionally seen interactions between Deaton and Fox Enterprise journalist Eleanor Terrett, who hinted at Deaton’s political ambitions on X (previously Twitter). Terrett articulated on X, “My spidey senses tell me there’s a battle brewing. John E Deaton says in his latest Crypto Law video: “I’m a marine, I’m going to go where the fight is needed the most.” And this Rhode Island lawyer has modified his deal with to Massachusetts…”

My spidey senses inform me there’s a battle brewing. @JohnEDeaton1 says in his newest @CryptoLawUS video:

“I’m a marine, I’m going to go where the fight is needed the most.”

And this Rhode Island lawyer has modified his deal with to Massachusetts…🧐 https://t.co/vkhSkcaqEc pic.twitter.com/k5gGI3txtM

— Eleanor Terrett (@EleanorTerrett) February 14, 2024

Deaton’s response to Terrett’s put up added gas to the hypothesis, as he outlined his deep connections to Massachusetts: “Not sure what you’re getting at Ellie (smiley), but for the record, in addition to living in Swansea Ma, I’ve been a Massachusetts lawyer for 23 years representing Massachusetts asbestos victims against corporations and insurance companies.”

He additionally added, “I’ve lived in Roxbury, East Boston, and Malden, and I graduated Law School at New England School of Law in Boston. I signed my enlistment papers for the USMC in Boston and was selected by the Marines to represent the Commonwealth of Massachusetts […] In addition to representing Massachusetts mesothelioma victims for over two decades, I represent 627 XRP holders in Massachusetts […] Coinbase customers in SEC vs. Coinbase.”

Undecided what you’re getting at Ellie 😆, however for the file, along with dwelling in Swansea Ma, I’ve been a Massachusetts lawyer for 23 years representing Massachusetts asbestos victims towards companies and insurance coverage corporations. I’ve lived in Roxbury, East Boston, and…

— John E Deaton (@JohnEDeaton1) February 14, 2024

Professional-XRP Lawyer May Cease Senator Warren

Deaton’s critique of Warren’s strategy to cryptocurrency has been sharp. In latest statements, Deaton blasted Warren for doing “NOTHING to help reduce income inequality,” including “Elizabeth Warren claims to be for reducing income inequality yet her answer to the problem is to ban the number one appreciating asset the world has ever seen [Bitcoin].”

The dialogue between Deaton and Warren, if he decides to run, might elevate the discourse round crypto regulation to a nationwide stage. Deaton’s in depth authorized background, private story, and advocacy for crypto rights current a stark distinction to Warren’s regulatory crackdown and surveillance proposals, doubtlessly framing the Senate race as a pivotal second for the way forward for cryptocurrencies within the US regulatory framework.

At press time, XRP traded at $0.55178.