XRP Defender John E. Deaton's Crypto Holdings Exposed

Deaton, known not only for his legal expertise but also as a Marine veteran, has drawn attention for his ongoing defense of cryptocurrencies

Crypto attorney John E. Deaton, who recently won the Republican nomination for Senate in Massachusetts, is also emerging as one of the largest crypto holders in the political space ahead of the election.

According to recent filings, a substantial 80% of Deaton’s net worth is tied up in Bitcoin (BTC) or BTC-related investments. The filings also indicate undisclosed holdings in Ethereum (ETH), Solana (SOL), and XRP.

Deaton’s status as a crypto defender and XRP maximalist has garnered attention, especially in light of Ripple’s involvement in the race. The blockchain payments company has thrown its support behind Deaton’s campaign with significant donations.

Ripple’s support, which includes $1 million in donations from key figures like the company’s CEO Brad Garlinghouse and founder Chris Larsen, is part of a larger crypto industry effort to influence the US political race.

With several candidates receiving donations from FTX, Sam Bankman-Fried, and other crypto executives, the industry’s involvement in the election has become a talking point.

However, Deaton’s campaign faces challenges, particularly with Democratic Senator Elizabeth Warren, who has not lost her seat since 2013, remaining a strong opponent in Massachusetts.

Warren’s vocal stance against digital assets and her fundraising advantage, which already outpaces Deaton’s campaign, could pose obstacles in the race.

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