As reported by Eleanor Terrett of Fox Business, the lawyer turned Senate candidate raised $1.36 million in the first quarter, while Warren raised $1.1 million.
According to his campaign, Deaton has received donations from crypto industry luminaries such as #Ripple CEO Brad Garlinghouse, Chris Larsen, Cameron Winklevoss, Tyler Winklevoss, Charles Hoskinson, Jameson Rupp and Anthony Scaramucci. Donations have already been received.
According to Politico, donors including Garlinghouse, Larsen, Scaramucci and the Winklevoss twins have contributed up to $6,600 to his campaign.
NEW: According to the Federal Election Commission, @DeatonforSenate overtook @SenWarren in the first quarter, with Deaton raising $1.36 million and Warren raising $1.1 million.
Deaton's massive fundraising, mostly corporate, is exactly what Warren predicted, warning her subscribers in February before Deaton announced his campaign. At the time, she said: "I'm not afraid, but what I am afraid of is that we must now be prepared to compete with the money of powerful special interest groups, Wall Street and the Republican Party.
Deaton's history with the crypto industry is well known. He famously represented 75,000 XRP holders in a lawsuit against the Securities and Exchange Commission (SEC) that was dismissed last year and largely ended in Ripple's favor.
It has also accused the SEC of unfairly treating the crypto industry in several other high-profile cases, including a dispute with #Grayscale , the issuer of the world's largest #bitcoin #ETF . As a result of that litigation, the SEC was forced to allow spot trading of bitcoin ETFs, something Elizabeth Warren was adamantly opposed to.
I've always been an outsider, but I intend to do it again. The only difference is that this time the whole world will witness it," Deaton wrote in X on Friday.
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