Ripple has donated $1 million to super PAC Commonwealth Unity Fund.
The super PAC aims to unseat Massachusetts Senator Elizabeth Warren.
The PAC supports crypto lawyer and former US Marine John Deaton.
Ripple has donated a staggering $1 million to the Commonwealth Unity Fund, a Super PAC (Political Action Committee) established by prominent Web3 attorney James Murphy, also known as MetaLawMan. The attorney himself has contributed approximately $50,000 to the Super PAC.
🚨SCOOP: @Ripple has donated $1M to the Commonwealth Unity Fund, a new super PAC set up by attorney James Murphy aka @MetaLawMan, to unseat @SenWarren and elect @JohnEDeaton1 as Massachusetts’ next Senator. Murphy donated $50K. More details and story to come. pic.twitter.com/32kadpAkE1
— Eleanor Terrett (@EleanorTerrett) July 15, 2024
The Super PAC aims to unseat long-time Massachusetts Senator Elizabeth Warren, known for her skepticism towards digital assets. In contrast, the super PAC also seeks to elect John Deaton, a former U.S. Marine and cryptocurrency attorney.
Deaton has positioned himself as a “pro-freedom candidate,” not solely a pro-crypto candidate, claiming to fight against “government overreach.” He has characterized Warren’s skeptical views on cryptocurrencies as “anti-American.”
In a post on X (formerly Twitter), legal expert Bill Morgan called Warren a “hater,” adding that Deaton’s extensive work in the digital asset space justifies the donation. The Massachusetts senator played a key role in Ripple’s battle against the U.S. SEC.
Good to see Ripple assist Deaton against Crypto hater @ewarren.Given what John achieved in the SEC v Ripple case and for crypto generally, the donation is warranted. https://t.co/z7g62Qxf3r
— bill morgan (@Belisarius2020) July 16, 2024
Notably, XRP_Spartan, an XRP and Cardano (ADA) enthusiast, pointed out that those outside the crypto space might perceive Deaton as someone who merely helped a few billionaires from Ripple fight against the SEC. Morgan replied, stating:
“Only someone totally ignorant of the case and the issues he was involved in would think that but I see where you are coming from.”
Earlier this year, Warren criticized the SEC for its approach to approving spot Bitcoin exchange-traded funds (ETFs) in the United States, arguing that the regulator misinterpreted the law. In February, Warren said that the crypto industry needs to follow the same rules as traditional finance. The senator is also often criticized by crypto enthusiasts for creating an anti-crypto stance.
The post Crypto vs. Elizabeth Warren: Ripple’s Political Gambit Explained appeared first on Coin Edition.
