Crypto Super PAC Contributes $850,000 to John Deaton's Senate Campaign
CryptoNewsTerminal Staff12 Aug, 2024
Crypto Super PAC Contributes $850,000 to John Deaton's Senate Campaign
Commonwealth Unity Fund (CUF), a super PAC that supports blockchain and cryptocurrency projects, has contributed $850,000 to John Deaton's campaign for the Massachusetts Senate. Deaton, a crypto advocate, is running against incumbent Senator Elizabeth Warren, who has been critical of the crypto industry. The CUF's contribution is a significant boost to Deaton's campaign, which has already received $1 million from Ripple, a blockchain company. The support from these major players in the crypto space suggests that Deaton is seen as a strong candidate to represent the interests of the crypto community in the Senate. If elected, Deaton would be the first crypto-backed candidate to serve in the United States Senate. His election would send a strong signal that the crypto industry is gaining mainstream acceptance and influence.
