As a seasoned analyst with a keen eye for the intersection of technology and politics, I find Brad Garlinghouse’s endorsement of John Deaton intriguing, especially given the ongoing tussle between the crypto community and politicians like Elizabeth Warren. My personal experiences have taught me that in the world of finance, alliances can often be strategic moves, and this appears to be one such instance.
Brad Garlinghouse, a co-founder of Ripple, has publicly expressed his support for John Deaton, the Republican nominee from Massachusetts who is well-known within the crypto community due to his significant contributions to the XRP lawsuit. Deaton is engaged in a battle against Elizabeth Warren, a long-standing critic of cryptocurrency in the Senate.
Lately, John Deaton has gained backing from key figures within the cryptocurrency sector, along with other market influencers, as they challenge Senator Warren on her anti-crypto stance. Many members of the industry feel that Elizabeth Warren has been a driving force behind SEC Chair Gary Gensler in the crackdown against the crypto industry and is also connected to “Operation Choke Point 2.0”.
In a recent update about the X platform, Brad Garlinghouse endorsed a link to John Deaton’s website and encouraged his followers to contribute to Deaton’s campaign. Ripple CEO Brad Garlinghouse expressed admiration for John Deaton as an influential figure within the cryptocurrency sector, suggesting that Deaton would be a better fit for leadership than Senator Elizabeth Warren.
Garlinghouse’s endorsement emerges during a period of continuous debate between cryptocurrency advocates and politicians. Notably, Warren stands as a political adversary in this context. In his own words, the CEO of Ripple expressed:
“John Deaton has been a relentless advocate for the XRP Army (aka XRP Family!) and the entire crypto industry. Meanwhile, his opponent, Senator Warren spreads misinformation and lies about crypto. I endorse John enthusiastically and wholeheartedly in his run for Senate. For those of you in a position to do so, I encourage you to donate to his campaign (as I have!) whether it’s $10 or $100, it all counts. And most importantly… VOTE FOR HIM if you’re in Massachusetts!”
John Deaton and Elon Musk Slam Senator Warren’s Inflation Claims
This past week, Senator Elizabeth Warren from Massachusetts expressed concerns over rising inflation and high prices, as well as her efforts to reduce costs by targeting corporations. In response, legal counsel John Deaton (who is a supporter of XRP) argued that the current Biden administration has played a role in fueling this inflation.
Over the past four years, the government has produced approximately 80% of all U.S. dollars in circulation. This significant increase is a major factor behind the recent surge in inflation, which is now at its highest level in forty years,” explained Deaton.
In the subsequent course, tech magnate Elon Musk endorsed Deaton’s stance and rebutted Senator Warren’s misleading claims regarding inflation. Earlier, Musk had cautioned about potential bankruptcy for the U.S., should there be no substantial cut in government expenditures.
Government overspending causes inflation. End of story.
— Elon Musk (@elonmusk) October 22, 2024
John Deaton has been a strong crypto proponent and holds 80% of his net worth in Bitcoin. He said that crypto presents a huge opportunity to retail investors just as Apple Inc during the 80s.
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2024-10-23 13:21