John Deaton, a professional XRP lawyer, has received tremendous support from crypto market participants in the US Senate election. However, the market is now betting on Deaton to garner support from crypto-backed PACs, especially FairShake. FOX journalist Eleanor Tellet sparked similar speculation with her post about X.
Deaton with XRP support may get more support
Eleanor Terret said in a post that it would be interesting to see the super PAC Fairshake show up in Massachusetts, where Deaton is vying for Warren's Senate seat. Terret further clarified his own statement, saying Fair Shake plans to focus on other states as the election cycle progresses. If support were to extend to Massachusetts, it would be of great help to Deaton.
John Deaton has already begun fundraising efforts. His campaign will receive cryptocurrency donations during its campaign. Deaton has received significant support from across the crypto industry, with prominent supporters like Anthony Scaramucci chiming in.
Related article: Bitcoin price hits weekly high of $70,199, outperforming S&P 500
Cryptocurrency voters will become more important in the 2024 US election
It is now clear that voters who support cryptocurrencies want politicians to be open-minded, embrace and understand digital currencies, and enact better laws. Katie Porter's defeat in the Senate best illustrates this. Rep. Katie Porter’s choice to support Sen. Elizabeth Warren’s anti-crypto stance is a direct correlation to Schiff’s victory in the California Senate primary. Ever since John Deaton announced he would run against Elizabeth Warren in the US Senate race, people have been supporting him to increase the number of Bitcoin players in US politics. But Warren has done nothing but fight back. Sen. Elizabeth Warren also mobilized her support network in response to rumors that she would encounter resistance for her Senate seat.
Forbes reports that one in five Americans now owns digital assets. 52 million people to be exact. This amount is large enough to have a significant impact on the outcome of the US presidential election. Therefore, gaining the support of Bitcoin enthusiasts will likely be necessary for any government looking to win an election.
