Ripple's $1M Donation to Anti-SEC Candidate John Deaton Raises Eyebrows

Ripple's $1M Donation to Anti-SEC Candidate John Deaton Raises Eyebrows

Ripple (XRP) has donated $1 million to John Deaton, a candidate running for the Massachusetts Senate, according to CryptoSlate. The funds went to the Commonwealth Unity Fund, a PAC created by James Murphy, an attorney who supports XRP. Deaton is a pro-XRP and crypto-focused lawyer who is running against the crypto-skeptic Elizabeth Warren. Ripple's donation to Deaton is seen by some as an attempt to influence the outcome of the election in favor of a candidate who is more favorable to the cryptocurrency industry. The SEC has been investigating Ripple since 2020, and a lawsuit is still ongoing. A Deaton victory could potentially lead to a more favorable outcome for Ripple in the SEC case. However, it is important to note that Ripple's donation does not guarantee that Deaton will win the election. Warren is a well-established politician with a strong base of support. Additionally, the race is still in its early stages, and it is too early to say how the donation will impact the outcome. Regardless of the outcome of the election, Ripple's donation to Deaton is a sign of the growing influence of the cryptocurrency industry in politics. As more and more people invest in cryptocurrencies, we can expect to see more involvement from the industry in the political process.