John Deaton, a Senate hopeful who has made a name for himself as a staunch defender of the cryptocurrency industry, has expressed his admiration for the efforts of Mark Cuban and Anthony Scaramucci in their outspoken criticism of SEC Chair Gary Gensler. Deaton, who is challenging incumbent Senator Elizabeth Warren in Massachusetts, is known for his legal representation of individual XRP holders in the ongoing legal battle between Ripple Labs and the SEC. He believes Gensler’s policies toward cryptocurrencies are deeply flawed and harmful to American entrepreneurs and consumers.
Deaton’s recent comments come in response to Cuban and Scaramucci’s public criticism of Gensler’s handling of the crypto space. Cuban, a well-known billionaire investor, called Gensler a ‘blight’ after the SEC Chair was grilled by Congress on his stance on digital assets. Similarly, Scaramucci, CEO of SkyBridge Capital, publicly called for Gensler’s resignation.
Both Cuban and Scaramucci are prominent figures in the ‘Crypto for Harris’ advocacy group, which aims to garner support for Vice President Kamala Harris among cryptocurrency enthusiasts and counter Republican candidate Donald Trump’s outreach to the community. While both Cuban and Scaramucci are supporters of Harris in her bid for the White House, they are also backing Deaton in his race against Warren.
Deaton’s campaign has received significant support from the cryptocurrency industry. In July, Tyler and Cameron Winklevoss, co-founders of the cryptocurrency exchange Gemini, donated $1 million in Bitcoin to Deaton’s campaign.
Deaton’s stance on cryptocurrencies has resonated with many in the industry, and his campaign is being closely watched by those concerned about the future of digital assets in the United States. With prominent figures like Cuban and Scaramucci speaking out against Gensler’s policies, Deaton’s fight against the SEC Chair’s approach to cryptocurrencies is gaining momentum.
