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Cryptocurrency News Articles
Stand With Crypto PAC Backs XRP Lawyer John Deaton in Massachusetts Senate Race
Sep 28, 2024 at 03:14 am
Deaton's legal battles with the SEC, especially his defense of the XRP community, have solidified his reputation as a key figure in the fight against
John Deaton, a prominent XRP attorney who is well-known for his legal battles with the U.S. Securities and Exchange Commission (SEC), has recently received the endorsement of the Stand With Crypto PAC, which is backed by Coinbase. Deaton is currently running for office against Massachusetts Senator Elizabeth Warren.
Deaton, an XRP Lawyer, has Gained Support from Crypto Community
Deaton's involvement in defending the XRP community against the SEC's actions has brought him significant attention within the crypto community. His campaign against Warren, who is often viewed by crypto enthusiasts as being anti-crypto, has also gained momentum.
Many in the crypto space see Warren's stance as a hindrance to innovation and growth in blockchain and digital currencies. The endorsement of Deaton by Coinbase-backed Stand With Crypto PAC highlights the growing interest in the intersection of politics and crypto regulation. This backing comes as part of a broader effort by the PAC to support candidates who advocate for pro-crypto policies, particularly in the upcoming U.S. elections.
In addition to John Deaton, the Stand With Crypto PAC has also extended its support to other political figures, such as Senators Ted Cruz and Marsha Blackburn. These endorsements reflect the group’s intention to back lawmakers who are committed to fostering innovation in the crypto and Web3 domain.
We're excited to announce our endorsed candidates for the U.S. Senate and House! Together, let's mobilize the crypto community and elect candidates who will champion crypto in Washington, D.C.
Get the list and volunteer here: https://t.co/t2XXa7N2QL pic.twitter.com/030006366L
— Stand With Crypto🛡️ (@standwithcrypto) September 27, 2024
The PAC's decision to support the XRP lawyer comes after months of his outspoken criticism of Warren, whom he accuses of stifling crypto innovation through her tough regulatory stance. Warren, a longtime advocate for stronger financial regulations, has faced increasing pushback from the cryptocurrency industry, with many arguing that her policies could hinder the growth of blockchain technology in the U.S.
Eleanor Terrett, a journalist from Fox, recently highlighted the news of Deaton's endorsement in a post on X, which has garnered widespread support from the crypto community. Moreover, several crypto enthusiasts see Deaton's candidacy as an opportunity to challenge the status quo in Washington.
Other Endorsements and Statements from Stand With Crypto PAC
The Stand With Crypto PAC also emphasized the importance of the upcoming U.S. election, urging the crypto community to engage politically. The group's recent post on X called on the crypto world to mobilize, aiming to help elect lawmakers who understand the transformative potential of blockchain technology.
According to the PAC, the upcoming election will be pivotal for the future of crypto regulation in the United States. They are rallying support for pro-crypto candidates for the U.S. Senate and House. Other notable endorsements from the PAC include several members of the House of Representatives, such as Jake Auchincloss, Byron Donalds, Tom Emmer, and Ritchie Torres. This bipartisan support reflects the growing recognition of crypto as a critical issue, which is beyond party lines.
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- A recent analysis by the trader and analyst known as Bluntz reveals that Pepe Coin, an Ethereum-based memecoin, shows an ascending triangle pattern
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- Sep 28, 2024 at 06:20 am
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- Sep 28, 2024 at 06:20 am
- A widely followed crypto analyst says that one dog-themed memecoin that has printed six-figure gains in just ten months is on the brink of another breakout.
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- Dogecoin (DOGE) Primed for a Price Boost as Metrics Signal Bullish Breakout
- Sep 28, 2024 at 06:20 am
- A slew of metrics indicate the top meme asset Dogecoin (DOGE) could be primed for a price boost, according to a popular crypto trader.
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- Shiba Inu (SHIB) Spikes Over 20% in the Last 24 Hours, Nearing Critical Resistance Level
- Sep 28, 2024 at 06:20 am
- Shiba Inu [SHIB] has recently experienced a significant price spike, bringing it close to breaking another critical resistance level. This upward movement has drawn increased attention, making SHIB one of the top trending cryptocurrencies.
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- SUI and BNB Have Been Making Headlines, but the Real Buzz Is Swirling Around the Presale of BlockDAG
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