Ripple CEO Brad Garlinghouse has publicly endorsed pro-crypto lawyer John Deaton‘s campaign to unseat Senator Elizabeth Warren and become the next senator from Massachusetts.
On Oct. 22, Garlinghouse stated that he supports Deaton “enthusiastically and wholeheartedly ” and praised the attorney for being a tireless advocate for XRP and the broader cryptocurrency industry.
Deaton endorsement
The Ripple CEO also criticized Senator Warren for disseminating misinformation about crypto, stating:
“Deaton [has] been a relentless advocate for the XRP Army (aka XRP Family) and the entire crypto industry. Meanwhile, his opponent, Sen Warren spreads misinformation and lies about crypto.”
In his post, Garlinghouse encouraged supporters to donate to Deaton’s campaign and to vote for him in the upcoming Senate election.
Garlinghouse’s endorsement is unsurprising, considering Deaton has consistently championed XRP and participated in lawsuits to defend the interests of the digital asset holders. The crypto lawyer has consistently called for clearer regulatory guidelines for the crypto sector and criticized the US government’s enforcement-focused regulatory approach.
In contrast, Senator Warren has been a vocal opponent of the crypto industry. She previously announced her intention to establish an anti-crypto coalition and has supported several pieces of legislation viewed as detrimental to the sector. Critics have also accused her of aligning with financial institutions that traditionally opposed her.
Meanwhile, Garlinghouse’s approval is part of a broader wave of support for Deaton from influential figures in the crypto space. On Oct. 21, Coinbase CEO Brian Armstrong and tech billionaire Elon Musk urged Massachusetts voters to back Deaton, emphasizing that the lawyer was a better candidate than Warren.
Ripple Custody business expands
In a separate development, Ripple’s custodial business is expanding through a strategic partnership with Turkey’s second-largest private bank, Garanti BBVA’s digital asset company and IBM.
This collaboration aims to enhance the bank’s capabilities in building and managing institutional-grade critical management infrastructure.
Korcan Abalı, CEO of Garanti BBVA Kripto, commented on the growing demand for digital assets among their clients, stating:
“The number of our customers who prefer to transfer and store their crypto assets is increasing daily.”
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Source: https://cryptoslate.com/ripples-brad-garlinghouse-joins-crypto-leaders-in-backing-john-deaton-over-elizabeth-warren/