John Deaton, a lawyer known for his involvement in the XRP community, received substantial financial backing from Tyler and Cameron Winklevoss, founders of the Gemini crypto exchange. In a public declaration, Tyler Winklevoss revealed a $500,000 Bitcoin donation to Deaton’s campaign to challenge Senator Elizabeth Warren. This donation was matched by Cameron Winklevoss, totaling $1 million.

Reasons Behind Winklevoss Twins’ Support for the Pro-XRP Lawyer

Tyler Winklevoss cited Senator Warren as “public enemy number one” for the crypto community due to her aggressive regulatory actions against cryptocurrencies. He highlighted Warren’s anti-crypto stance originating from the 2020 presidential campaign, where she gained significant influence over regulatory agencies through an agreement with President Biden.

Tyler accused Warren of leveraging this power to spearhead a campaign against the crypto industry, appointing regulatory figures like Gary Gensler and Martin Gruenberg to carry out her agenda. In contrast, he lauded John Deaton for his pro-crypto beliefs, legal advocacy for XRP, and military background, positioning him as a candidate supportive of innovation and economic growth.

Cameron Winklevoss echoed his brother’s sentiments, emphasizing the necessity of supporting Deaton to counter Warren’s perceived anti-crypto stance. He endorsed Deaton as a pro-crypto, pro-business candidate who could halt what he referred to as “Elizabeth Warren’s war on crypto.” XRP was trading at $0.54 at the time of reporting.