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TheCryptoBasic

03/05/2024

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Cardano Founder Backs John Deaton with Maximum Donation Against Senator Warren

Cardano founder Charles Hoskinson has thrown his weight behind John Deaton in the lawyer’s bid to replace crypto-hostile Senator Elizabeth Warren. In February, crypto-friendly lawyer John Deaton officially...

Cardano Founder Backs John Deaton with Maximum Donation Against Senator Warren

Cardano founder Charles Hoskinson has thrown his weight behind John Deaton in the lawyer’s bid to replace crypto-hostile Senator Elizabeth Warren.

In February, crypto-friendly lawyer John Deaton officially announced his candidacy in the upcoming U.S. senatorial elections.

Deaton will come up against the current United States senior Senator for Massachusetts, Elizabeth Warren, who is widely known for her antagonistic stance against the cryptocurrency industry.

John Deaton has enjoined the crypto community for support in the upcoming campaign and has gained the attention of some of the industry’s most influential figures.

In a recent development, Cardano founder Charles Hoskinson revealed he had donated the maximum amount permitted to John Deaton’s campaign.

Charles Hoskinson donated $3,300 to the cause and also rallied other leading figures in the space to back the Senatorial Candidate. He reminded his nearly 980,000 followers on X that the U.S. will benefit from having individuals willing to “take on the establishment against banks writing our laws and destroying the Crypto industry.”

I just donated the maximum amount allowed for @DeatonforSenate in his fight against Elizabeth Warren for Senate. We need people willing to take on the establishment against banks writing our laws and destroying the Crypto industry. pic.twitter.com/tTxmghBhUH

— Charles Hoskinson (@IOHK_Charles) March 3, 2024

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John Deaton Faces Uphill Task in Bid to Replace Elizabeth Warren

John Deaton’s quest to unseat Elizabeth Warren will not be an easy ride. Beyond Elizabeth Warren’s profound influence in the political arena, the current senator is strongly backed by wealthy donors. Her campaign committee raised $15.5 million over the past five years.

Deaton, on his part, is new to the political scene and has only seeded his campaign funding with a $500,000 donation. The crypto-friendly lawyer could rely largely on the crypto industry for requisite funding to mount a serious challenge.

Meanwhile, it is noteworthy that Elizabeth Warren, despite having won her previous two re-election bids, has reportedly indicated fear at the prospect of coming up against John Deaton specifically.

The Senator has rallied her donors for more contributions, especially in the wake of John Deaton’s announcement that he will run for Senate. Warren has secured the seat since Jan. 3, 2013.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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