ChainCatcher News, U.S. Senator Elizabeth Warren defeated cryptocurrency-supporting Republican candidate John Deaton in the Senate race, winning the election in Massachusetts on Tuesday evening.This will be Warren's fourth term in the U.S. Senate. She is a member of the Senate Finance Committee and the Senate Banking Committee, the latter of which has jurisdiction over the U.S. SEC and CFTC. Warren has consistently criticized the cryptocurrency industry and supports an anti-money laundering bill that would extend the requirements of the Bank Secrecy Act (including KYC rules) to miners, validators, and wallet providers.

ChainCatcher news, cryptocurrency lawyer John Deaton has won the Republican Senate nomination in the Massachusetts primary and will compete against Democratic Senator Elizabeth Warren in November.According to the Associated Press on September 4, Deaton defeated two other Republican candidates. As of the time of publication, Deaton has received 64% of the vote.Notably, Deaton's campaign has garnered support from several prominent figures in the cryptocurrency industry, including the Winklevoss twins and executives from Ripple. The cryptocurrency political action committee Commonwealth Unity Fund has invested over $1 million in support of Deaton's campaign in Massachusetts. Deaton's major donors include founders and executives from companies such as Ripple, Gemini, SkyBridge Capital, Cardano, and Kraken.According to Federal Election Commission records, as of July 31, Deaton's campaign fundraising has reached approximately $1.7 million. Previously, Deaton submitted an amicus brief to the SEC on behalf of 4,701 Coinbase customers in support of the company's lawsuit against the SEC.

ChainCatcher news, according to Bitcoin Magazine, Massachusetts Senate candidate John Deaton announced that he has invested 82% of his total net worth into Bitcoin.John Deaton stated, "I oppose Elizabeth Warren's desire to ban self-custody."

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, U.S. Senate candidate from Massachusetts John Deaton has about 80% of his net worth invested in Bitcoin and Bitcoin-related investments.

ChainCatcher news, according to The Block, Gemini co-founders the Winklevoss brothers have donated a total of $1 million in Bitcoin to John Deaton's campaign, as John Deaton is running for U.S. Senator from Massachusetts.Previous news, Ripple has donated $1 million to the new super PAC Commonwealth Unity Fund, aiming to oust Elizabeth Warren and elect John E Deaton as the next senator from Massachusetts.