What to Know:
- John Deaton, known for advocating for XRP holders, is running for US Senate in 2026 against Ed Markey.
- Deaton’s previous campaign saw significant financial support from crypto firms like Ripple, Gemini, and Kraken.
- The race could see Deaton face competition from both Republicans and Democrats, including Seth Moulton.
John Deaton, a prominent advocate for XRP holders in the Ripple Labs case, has announced his candidacy for the US Senate in 2026. This marks his second run for Congress, as he aims to unseat Democratic Senator Ed Markey. Deaton’s entry into the race brings a pro-crypto voice to the forefront of Massachusetts politics.
Deaton gained recognition within the crypto space for his vocal support of XRP during Ripple’s legal challenges with the SEC. His involvement has resonated with many in the crypto community, highlighting the importance of regulatory clarity for digital assets. This stance could attract voters interested in fair crypto regulations.
During his previous Senate campaign against Elizabeth Warren, Deaton garnered substantial financial backing from key players in the cryptocurrency industry. Ripple, Gemini, and Kraken were among the firms that contributed significantly to his campaign. This support reflects the industry’s interest in having advocates in positions of power.
The 2026 race is expected to be competitive, with potential contenders from both the Republican and Democratic parties. Seth Moulton, a Democratic representative, is also rumored to be considering a run. Markey has previously expressed concerns about the energy consumption of crypto mining, setting the stage for debates on digital asset policies.
“I’m winning this time,” Deaton said in a campaign video aired at the Worcester event.
As the political landscape evolves, Deaton’s campaign may bring further attention to the need for balanced crypto regulations. The outcomes of races like this one could influence the future trajectory of digital asset policies in the U.S. and the broader acceptance of cryptocurrencies.
Source: Original article
