The political campaign of pro-XRP attorney John Deaton has raised $1.2 million in public donations in the move to unseat U.S. Senator Elizabeth Warren, with contributions from the Ripple CEO and Chairman.
Deaton’s campaign team disclosed this milestone in a recent update on their dedicated campaign portal. Per the report, the pro-XRP lawyer’s movement for the next Massachusetts senator ended the first quarter of the year with about $1.2 million raised from public donations.
This milestone is particularly remarkable considering that the team garnered the funds in 42 days since announcing the fundraiser on February 19. Notably, the total includes a substantial $1 million loan from the candidate himself and over $360,000 from individual supporters.
Breakdown of the Donations
In particular, the Deaton for Senate campaign currently holds a total cash reserve of $1,196,892.39, as reported to the U.S. Federal Election Commission (FEC).
Individual contributions reached $360,690.38, sourced from 3,129 supporters. Of these contributions, 2,903 were small-dollar donations of less than $200. Notably, the average contribution amounted to $117.51.
Reacting to the impressive numbers, campaign manager Michael Gorecki expressed excitement and gratitude.
“We’re thrilled that thousands of donors have stepped up to support the candidacy of United States Marine and political outsider John Deaton in such a short period of time,” remarked Gorecki.
In parallel, he emphasized the significance of the campaign’s strong financial position as it enters its first full quarter of fundraising, expressing readiness to challenge Senator Warren head-on.
Deaton Reacts
John Deaton himself responded to the milestone by highlighting the sentiment he had encountered from people across Massachusetts. He shared that individuals at grocery stores, coffee shops, and gas stations are expressing fatigue with Washington’s political elite indifference to the people’s interests.
Furthermore, Deaton conveyed that these constituents have grown tired of the inability of the U.S. Congress to combat the challenges of inflation and the sluggish economy. He emphasized that they are eager for change.
At grocery stores, coffee shops, gas stations, people all over Massachusetts tell me they're tired of Washington’s political elite looking out for their own careers and special interest groups instead of people who work hard and play by the rules. They’re tired of Congress’… pic.twitter.com/tTnCpLBLyf
— John Deaton (@DeatonforSenate) April 12, 2024
Crypto Executives Donate to Deaton’s Campaign
According to a recent report, over six executives in the crypto sphere have made financial contributions to support Deaton’s campaign to challenge Senator Warren, a prominent critic of the industry.
The report mentions notable contributors such as Ripple’s CEO, Brad Garlinghouse, and Chairman Chris Larsen. Both reportedly committed to a maximum fundable amount of $6,600.
Other contributors include Charles Hoskinson of Cardano, Anthony Scaramucci of Skybridge Capital, and the Winklevoss twins, founders of the U.S.-based exchange Gemini.
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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