At the Bitcoin 2024 meeting in Nashville on July 27, lawyer John Deaton, who is running as a Republican for the US Senate seat in Massachusetts, said that Bitcoin makes up 82% of his net worth.
Speaking to a group of people interested in cryptocurrencies, Deaton announced his run against Senator Elizabeth Warren and emphasized his support for Bitcoin.
Deaton said, “I just told the Federal Election Commission that 82% of my net worth is in Bitcoin, baby.”
Bitcoin Campaign Highlighted
Deaton is very involved in the crypto community. He has written several amicus papers to help crypto companies that are being sued by the US Securities and Exchange Commission. As of May 30, however, a YouGov poll showed that Senator Warren was ahead of Deaton by more than 20 points.
Senator Cynthia Lummis of Wyoming backed Republican Ian Cain over Deaton for the US Senate during the meeting. On September 3, Cain, Deaton, and engineer Robert Antonellis are all likely to run in the Massachusetts Republican primary. The winner will face Senator Warren on November 5.
Even though the endorsement setback was disappointing, Deaton has an abundance of support in the crypto world. Ripple gave $1 million to the Commonwealth Unity Fund campaign group in July to help Deaton’s campaign against Senator Warren.
A lot of US politicians and possible candidates for office who support crypto have been at the Bitcoin 2024 conference. The general election is coming up in about 100 days. Donald Trump, the Republican nominee, is set to talk at the event on July 27.
