Ripple's 1 million donation to anti-Elizabeth Warren group: XRP-friendly lawyer enters election
Ripple Labs, the company behind XRP, supports the effort to lose the seat of Elizabeth Warren, known for her anti-crypto in the elections to be held in the USA in November. The company donated $1 million to a formation working on this issue. Crypto-friendly lawyer John Deaton will be supported in the election race to replace Warren.
As the elections to be held in November in the USA approach, support for Republicans, who appear to be crypto supporters, is also growing. A significant number of business people led by Elon Musk support Donald Trump, while Ripple Labs supports lawyer John Deaton, who competes for senatorship.
In Ripple's case with the SEC, $1 million was donated from Ripple Labs to the State Union Fund (Commonwealth Unity Fund), which supports John Deaton, who clearly stated that XRP is not a security and has been broadcasting and informing on social media for years.
Elizabeth Warren, Senator of the state of Massachusetts, has been known for anti-cryptocurrencies for years and states that cryptocurrencies, especially Bitcoin, should be banned. Warren, who also supports SEC president Gary Gensler on many issues, is known as one of the biggest forces behind Biden in the financial world.
