Investigative Report Contradicts Senator Warren’s Bluff About 90% Crypto Donations For John Deaton
The tension between the candidates for the Massachusetts senatorial race keeps increasing. Democrat candidate Senator Elizabeth accused her opponent, pro-XRP lawyer John Deaton, of getting 90% crypto donations for his campaign.
However, an investigative report contradicts Warren’s bluff, noting that just 10% of Deaton’s campaign funds came through crypto.
While the crypto community has indicated massive support for Deaton, it slammed Sen. Warren for her anti-crypto stance.
Investigative Report Disproves Warren’s Claims About Deaton’s Campaign Funding
The candidates for Massachusetts senatorial position held their final debate recently, increasing the tension in the race.
Senator Warren of the Democrat kept saying that Deaton received 90% of his campaign funds from the digital asset industry.
However, prominent Fox Business journalist Eleanor Terret debunked Warren’s claims via an investigative report she posted on X.
🚨NEW: In both debates between @SenWarren and @JohnEDeaton1, Warren kept repeating that Deaton’s campaign is “90% funded by the crypto industry.”
That seemed like a high number so I did some digging with the help of blockchain analyst @JamesDelmore1 of @AppBreadcrumbs.… https://t.co/PUfbFXowwd
— Eleanor Terrett (@EleanorTerrett) October 24, 2024
During the debate session, Warren stated: “80% of Mr. Deatom’s wealth is tied up in crypto, 90% of his funding from this campaign is coming from crypto, and 100% of his loyalty in Washington will be to crypto: that is corruption.”
Terret’s report indicated that John Deaton’s campaign amassed $2 million. However, Deaton contributed $1 million to the fund he had loaned himself.
This means that the pro-crypto lawyer’s political campaign has just $1 million originating from outside individual donations.
Further, the FEC filing revealed that $100,000 of these individual contributions originate from the digital asset industry. This value indicates that just 10% of Deaton’s outside campaign funds came through crypto donations.
Meanwhile, Terrett said that the about $2.5 million raised by the outside super PAC Commonwealth Unity Fund didn’t go directly to Deaton’s campaign.
However, she explained that even if this fund is included, it will only raise the crypto industry’s contribution to Deaton’s campaign to 60%. So, the journalist revealed how the figure is still below Sen. Warren’s claims of 90%.
Following Terrett’s investigative report, the digital asset community is bubbling with several comments on the X platform. Many people criticized Senator Warren’s lies and unfounded claims against the industry.
Boz Menzalji, a DeFi Advisor, noted that Warren’s lies show a lack of integrity on what’s best for her constituents and American innovation.
Meanwhile, John Deaton has received massive support from the crypto industry. His legal contributions to XRP holders during the SEC legal battle with Ripple distinguished him in the industry.
Deaton took to X to accuse Warren of torturing his record with lies. He maintained that he would never say one thing and change to another once he gets to Washington DC, against Warren’s claims.
Reacting to Deaton’s post, Ripple CEO Brad Garlinghouse indicated his support for him. However, he pointed out that Warren “spreads misinformation and lies about crypto.”
We have got to get back to a place where we can take our politicians for their word. It’s a sad state that @senwarren thinks I can stand on the debate stage and lie to the American people to get elected, but then change my mind as soon as I get to DC. She’s part of the broken… pic.twitter.com/PTnINNICB5
— John Deaton (@DeatonforSenate) October 22, 2024
Further, the Ripple boss encouraged the crypto community to donate to Deaton’s campaign, whether it’s $10 or $100. He also called on people in Massachusetts to vote for Deaton.
