Crypto-Backed PAC Spends $850K to Support John Deaton Against Sen. Warren
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
A political action committee (PAC) with significant contributions from the crypto industry, including Ripple, has invested $850,000 to bolster Republican candidate John Deaton in the upcoming Massachusetts Senate primary.
John Deaton, a lawyer known for filing amicus briefs supporting crypto firms in legal battles against the US Securities and Exchange Commission, launched his Senate campaign in February.
Records from the Federal Election Commission (FEC) reveal that the Commonwealth Unity Fund Super PAC made a substantial impact with a $450,000 direct mail campaign on August 7 and over $500,000 in media buys on August 6. This follows an earlier media expenditure exceeding $300,000 in July.
The Massachusetts primary, scheduled for September 3, is anticipated to be a key battleground for crypto interest groups in US elections.
Deaton, one of three Republicans vying for the US Senate seat representing Massachusetts in 2025, is notably supported by the crypto sector. Ripple, a significant player in the cryptocurrency space, donated $1 million to the Commonwealth Unity Fund in July to aid Deaton’s campaign.
Winklevoss Twins have donated a total of $1 million to John Deaton, a crypto advocate and senate candidate, to dethrone Elizabeth Warren.https://t.co/jc9h6FHPgd
Additionally, Gemini co-founders Cameron and Tyler Winklevoss contributed a maximum of $6,600 each to Deaton’s campaign in April and pledged a combined $1 million in July, although it remains unclear if these funds will directly support his campaign or associated PACs.
However,
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