{"id":58025,"date":"2026-05-18T13:35:27","date_gmt":"2026-05-18T13:35:27","guid":{"rendered":"https:\/\/www.bitrabo.com\/discover\/?p=58025"},"modified":"2026-05-18T13:35:27","modified_gmt":"2026-05-18T13:35:27","slug":"xrp-transferred-by-former-ripple-cto-to-john-deaton-campaign","status":"publish","type":"post","link":"https:\/\/www.bitrabo.com\/discover\/xrp-transferred-by-former-ripple-cto-to-john-deaton-campaign\/","title":{"rendered":"XRP Transferred by Former Ripple CTO to John Deaton Campaign"},"content":{"rendered":"\n

In a recent development within the cryptocurrency and political landscape, former Ripple CTO David Schwartz<\/strong> has made a significant contribution of XRP to John Deaton\u2019s<\/strong> campaign for the U.S. Senate. This donation not only highlights Schwartz\u2019s influence in the XRP community but also serves to amplify Deaton\u2019s fundraising efforts.<\/p>\n

Schwartz Supports Deaton\u2019s Senate Campaign<\/h2>\n

The donation was announced on social media platform X<\/a>, following Deaton\u2019s public appeal for financial backing on May 15. Deaton emphasized that his campaign prioritizes support from individual contributors rather than corporate PACs and special interest groups. After Schwartz\u2019s response, \u201cSent some XRP,\u201d Deaton expressed his gratitude by replying, \u201cThank you David!\u201d<\/p>\n

Currently, Deaton is campaigning for a Senate seat in Massachusetts, targeting the position currently held by Democratic Senator Ed Markey<\/strong>. This comes after Deaton\u2019s previous bid in 2024, where he won the Republican primary but ultimately lost to Senator Elizabeth Warren<\/strong> in the general election.<\/p>\n

In a video accompanying his fundraising initiative, Deaton articulated his commitment to grassroots support, stating: \u201cI put in as much money as I could for my own campaign, but I don\u2019t take big money from PACs or lobbyists.\u201d He indicated that the bulk of his donations are modest contributions, primarily in the range of $25 to $100.<\/p>\n

\n

I hate asking for money, but I need your help.<\/p>\n

Unlike career politicians, I don\u2019t take PAC money. I don\u2019t take lobbyist money. I don\u2019t answer to special interests. This campaign is powered by hardworking people giving 25 bucks, 50 bucks, 100 bucks at a time because they believe\u2026 pic.twitter.com\/sNBDWgsQaS<\/a><\/p>\n

\u2014 John Deaton (@DeatonforSenate) May 15, 2026<\/a><\/p>\n<\/blockquote>\n

Deaton\u2019s Campaign Themes<\/h2>\n

Deaton\u2019s appeal to voters is closely tied to positioning himself as an outsider, distinct from conventional political figures. He states that voters need representatives who \u201cactually care about people,\u201d asserting that he will \u201cput people before politics.\u201d His campaign emphasizes critical policy issues like:<\/p>\n

    \n
  • Energy:<\/strong> A plan designed to reduce electricity costs.<\/li>\n
  • Housing:<\/strong> A proposal to construct 5 million homes over the next five years.<\/li>\n
  • Healthcare:<\/strong> A strategy aimed at reforming large vertically integrated insurance companies.<\/li>\n<\/ul>\n

    The recent donation from Schwartz is particularly noteworthy due to his prominent role in the cryptocurrency sector, especially as a technical leader at Ripple and a well-known advocate for XRP holders. Deaton, on the other hand, gained visibility for his advocacy and critiques of the U.S. Securities and Exchange Commission\u2019s<\/strong> actions regarding cryptocurrencies.<\/p>\n

    <\/span>Fundraising and Election Impact<\/span><\/h2>\n

    As of the 2024 campaign cycle, Deaton\u2019s committee has reported earnings of around $2.24 million<\/strong>, which included substantial loans he provided himself, alongside significant individual contributions. Deaton\u2019s model contrasts with the broader fundraising practices often seen in politics.<\/p>\n

    Despite the positive signals from Schwartz\u2019s support, the overall impact of this donation on Deaton\u2019s electoral chances remains ambiguous. Massachusetts has been a challenging field for Republican candidates, as evidenced by Deaton\u2019s earlier electoral defeat. At the time of this writing, XRP is trading at approximately $1.38<\/strong>.<\/p>\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    In a recent development within the cryptocurrency and political landscape, former Ripple CTO David Schwartz has made a significant contribution of XRP to John Deaton\u2019s campaign for the U.S. Senate. This donation not only highlights Schwartz\u2019s influence in the XRP community but also serves to amplify Deaton\u2019s fundraising efforts. Schwartz Supports Deaton\u2019s Senate Campaign The […]<\/p>\n","protected":false},"author":14,"featured_media":58026,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"slim_seo":{"title":"XRP Transferred by Former Ripple CTO to John Deaton Campaign - Bitrabo","description":"In a recent development within the cryptocurrency and political landscape, former Ripple CTO David Schwartz has made a significant contribution of XRP to John D"},"footnotes":""},"categories":[316],"tags":[742,661,1200,3709,575,18851,2221,2327,517],"class_list":["post-58025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","tag-campaign","tag-cto","tag-deaton","tag-john","tag-ripple","tag-schwartz","tag-senate","tag-sends","tag-xrp"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/58025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/comments?post=58025"}],"version-history":[{"count":0,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/posts\/58025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media\/58026"}],"wp:attachment":[{"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/media?parent=58025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/categories?post=58025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitrabo.com\/discover\/wp-json\/wp\/v2\/tags?post=58025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}