Coinbase CEO Supports John Deaton for Massachusetts

• Coinbase CEO Brian Armstrong extended support for Massachusetts candidate John Deaton.
• Armstrong claims Senator Elizabeth Warren tried to kill crypto in the US.
• Winklevoss twins and Ripple donated $1 million each in support of Deaton.

Coinbase CEO Brian Armstrong has called on cryptocurrency investors in Massachusetts to support John Deaton, a trial attorney and U.S. Marine veteran, in his bid for the U.S. Senate. Armstrong also criticized the current representative, Senator Elizabeth Warren, for her long-standing opposition to the cryptocurrency industry.

In a post on X (formerly Twitter), Armstrong argued that under Warren’s leadership, the United States Securities and Exchange Commission (SEC) was handed to Gary Gensler, who then attempted to “unlawfully” stifle the crypto industry in America. Armstrong claimed that Warren’s efforts failed because the digital asset sector fought back against the excessive regulations.

Labeling Warren as “anti-freedom,” Armstrong pointed out that the current Senator “thinks the government should run all financial services (similar to China), and has done enormous harm to this country.” 

James Murphy, a crypto lawyer known as MetaLawMan, also criticized Warren for her anti-crypto stance and urged the digital asset community to vote for Deaton. Murphy accused Warren of wanting to “debank” investors who make financial choices she does not agree with.

Murphy added that Deaton had contributed significantly to the growth of the cryptocurrency economy, far surpassing the efforts of other candidates from Massachusetts. As a result, Deaton has garnered substantial support from the crypto community, with many entrepreneurs donating to his campaign.

Major Donations Fuel Deaton’s Senate Campaign

In September, Deaton won the Massachusetts Republican primary by a wide margin and received support from twins Cameron and Tyler Winklevoss. The co-founders of Gemini donated a massive $500K each to Deaton’s campaign.

Read also :Deaton Takes On Warren’s Anti-Crypto Policies in Senate Campaign

Additionally, Ripple donated $1 million to the Political Action Committee (PAC) Commonwealth Unity Fund to bolster Deaton’s fight against Warren’s influence in the Senate.