Regulation

Pro-XRP Lawyer John Deaton Mulling Senate Challenge Against High-Profile Crypto Critic Elizabeth Warren: Report

XRP supporter and lawyer John Deaton is reportedly considering challenging Massachusetts Democrat Senator Elizabeth Warren in the coming 2024 US Senate elections.

The Boston Globe reports that Jim Conroy, campaign manager and political adviser of former Massachusetts Gov. Charlie Baker, is consulting with Deaton on the possibility of him joining the senatorial race as a Republican candidate.

Conroy says the lawyer is taking a “serious look” at running and will decide in the coming days.

The report says Deaton, who served as amicus counsel for XRP holders in the case filed by the U.S. Securities and Exchange Commission (SEC) against blockchain payments company Ripple, will become Warren’s first major challenger if he decides to push through with the senatorial bid.

Warren, who is seeking a third term in office, is a staunch crypto critic who introduced the Digital Asset Anti-Money Laundering Act last year. The bill proposes extending the application of Bank Secrecy Act requirements, including the know-your-customer (KYC) rules, to the digital asset industry.

Deaton has not yet made any announcement. Instead, he shares his connections to Massachusetts in a new post on social media platform X.

“[I]n addition to living in Swansea Massachusetts, I’ve been a Massachusetts lawyer for 23 years representing Massachusetts asbestos victims against corporations and insurance companies. 

I represent 627 XRP holders in Massachusetts against the SEC’s gross overreach as amicus counsel in the SEC vs Ripple case – as well as Massachusetts Coinbase customers in SEC vs Coinbase. My business loan is with a Massachusetts Bank. And the list goes on regarding my connection to Massachusetts.”

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