SEC v. Ripple: XRP Holders’ John Deaton may run for US Senate against Elizabeth Warren
John Deaton has emerged as a key figure in challenging the U.S. regulatory approach to cryptocurrencies, particularly through his involvement in the SEC v. Ripple case.
XRP Holders’ John Deaton is contemplating a run as a Republican in the upcoming US Senate race against Democrat Elizabeth Warren, as reported by the Boston Globe, who spoke with GOP insiders familiar with Deaton’s intentions.
Jim Conroy, a former advisor to Republican Governor Charlie Baker, is working with Deaton and confirmed that Deaton is seriously considering entering the race, with a decision expected soon. Deaton has yet to comment on this development.
If Deaton decides to run, at 56 years old, he would be the first significant Republican contender against Warren. His background as a cryptocurrency advocate contrasts sharply with Warren, who is a critic of the cryptocurrency industry and advocates for stricter regulation.
Known for filing an amicus brief in the high-profile SEC lawsuit against Ripple Labs, Deaton previously represented asbestos victims, among others, through his law firm. He also served in the US Marine Corps.
With Warren being a strong incumbent in a Democratic-leaning state, Deaton’s potential candidacy could still pose a challenge, especially given Warren’s less favorable view ratings among Massachusetts residents.
John Deaton, a leading XRP community figure during the SEC v. Ripple lawsuit
John Deaton has emerged as a key figure in challenging the U.S. regulatory approach to cryptocurrencies, particularly through his involvement in the SEC v. Ripple case. His efforts focus on advocating for the rights of digital asset holders and pushing for clarity in the regulatory landscape that governs cryptocurrencies.
As an attorney, he represented thousands of XRP token holders who sought to participate in the legal proceedings as amici curiae. This status allowed them to offer a “meaningful perspective” on the case, highlighting the impact of regulatory actions on individual investors and the broader cryptocurrency markets.
Deaton has compared the SEC’s actions against Ripple and XRP to other instances where he believes regulatory bodies have exceeded their authority. By drawing parallels with cases like West Virginia v. EPA, Deaton has positioned the Ripple case within a broader narrative of regulatory overreach, suggesting that the SEC’s approach to cryptocurrencies might be part of a larger pattern of behavior that stifles innovation and harms investors.
Because of his impact within the cryptocurrency space, John Deaton received the Defender of Freedom Award by the International Congress of Blockchain Legal Advisors (ICBLA).
