Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Tuesday Nov 11 2025 19:50
2 min
John Deaton, a prominent lawyer and advocate for XRP holders, is gearing up for another run in the political arena. At a recent event in Worcester, Massachusetts, Deaton declared his intention to run for the US Senate in the 2026 elections, aiming to unseat incumbent Democratic Senator Ed Markey.
This announcement follows Deaton's previous attempt in 2024, when he ran against Senator Elizabeth Warren, ultimately losing by approximately 700,000 votes. Despite this setback, Deaton appears determined to secure a victory this time around, stating in a campaign video aired at the event, "I'm winning this time."
While the campaign announcement did not explicitly focus on digital asset policies, Deaton and Warren have previously clashed over their differing views on cryptocurrency. Deaton gained widespread recognition within the crypto community for his vocal support of XRP holders during Ripple Labs' legal battle with the US Securities and Exchange Commission (SEC).
Deaton is expected to face stiff competition in the 2026 election, not only from Markey but also from other potential contenders, including Seth Moulton, who represents Massachusetts's 6th Congressional District in the US House of Representatives. Notably, Markey, who will be 80 years old next year, voted against the passage of the GENIUS stablecoin bill and has criticized crypto mining for its "extravagant electricity use."
According to Mason Lynaugh, community director of Stand With Crypto, "We're never going to not be excited about someone advocating for [crypto] policy. He's going to have his own voters he's going to cultivate that are very excited to see someone like him saying these types of things publicly."
It remains to be seen what Deaton's chances are in a US state that typically leans Democratic. During his previous Senate campaign, cryptocurrency executives from Ripple, Gemini, and Kraken supported Deaton's run, contributing over $360,000 in the first quarter of 2024.
Risk Warning: this article represents only the author’s views and is for reference only. It does not constitute investment advice or financial guidance, nor does it represent the stance of the Markets.com platform.When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice. Trading cryptocurrency CFDs and spread bets is restricted for all UK retail clients.
Latest
View all
Thursday, 9 April 2026
6 min
Thursday, 9 April 2026
3 min
Wednesday, 8 April 2026
8 min
Monday, 13 April 2026
Indices
Gold Price Today, April 14: Gold Dips Below $4,800 While Silver Holds Above $75 Amid Renewed Inflation Fears
Monday, 13 April 2026
Indices
Commodity Market Today: Gold and Silver Prices Swing Wildly as Fragile US-Iran Ceasefire Shows Cracks
Sunday, 12 April 2026
Indices
UAE Economy News: Non-Oil Sectors Drive Growth as Abu Dhabi Prepares for 2029 IMF Meetings
Sunday, 12 April 2026
Indices
Gold Price Today, April 13: Gold (XAU/USD) is currently trading around $4,726 – $4,729 per ounce
Thursday, 9 April 2026
Indices
Gold Price Today, April 10: Gold Price Surges Toward $4,900 on Fragile US-Iran Ceasefire and Falling US Yields
Thursday, 9 April 2026
Indices
PLTR down 7.3% on April 9, 2026: Why Palantir Technologies (PLTR) stock dropped sharply today?
Thursday, 9 April 2026
Indices
Financial news today in ZA: South Africa Removed from FATF Grey List Amid Economic Rebound
Wednesday, 8 April 2026
Indices
UAE financial news today: UAE and Bahrain Ink AED 20 Billion Currency Swap Agreement
EN
