Ripple donates $1 million to anti-Elizabeth Warren group: XRP-friendly lawyer participates in election
Ripple Labs, the company behind XRP, supports the bid to unseat Elizabeth Warren, who is known for her anti-cryptocurrency ideology, in the election to be held in the United States in November. The company has donated Donate 1 million USD to an organization researching this issue. Crypto-friendly lawyer John Deaton will be supporting in the election race to replace Warren.
As the elections were held in November following a US approach, support for the Republicans, who appear to be crypto supporters, was also growing. A significant number of entrepreneurs led by Elon Musk support Donald Trump, while Ripple Labs supports lawyer John Deaton, who is vying for senator.
In Ripple's case with the SEC, $1 million was donated by Ripple Labs to the State Union Fund, supporting John Deaton, who explicitly stated that XRP is not a security. and has been broadcasting and announcing on social media for years.
Elizabeth Warren, a Massachusetts Senator, has been notoriously anti-cryptocurrency for many years and has stated that cryptocurrencies, especially Bitcoin, should be banned. Warren, who also supports SEC chairman Gary Gensler on many issues, is known to be one of the biggest forces behind Biden in the financial world.
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