Grayscale Bitcoin Mini Trust Now Receives SEC Approval to Trade on NYSE Arca
The Grayscale Bitcoin Mini Trust will charge significantly less compared to GBTC for management fees. Read more... Coincu News
Donald Trump Receives Extended Support From Bitgo CEO & JD Vance
BitGo CEO Mike Belshe will be holding a fundraiser for Donald Trump’s campaign with special guest Republican vice-presidential nominee JD Vance. Organized for Monday in...
Low-Cap Altcoin Surges by More Than 27% This Week Amid New Involvement in CBDC Project
One low-cap altcoin surged by more than 27% this week amid its newly announced involvement in a central bank digital currency (CBDC) project. Coti (COTI)...
The State Of Michigan Has Bought Bitcoin In Its Pension Fund
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US Senator Elizabeth Warren Criticizes Foreign Crypto Miners, Says They Threaten National Security
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Ledger Releases New Touchscreen Hardware Crypto Wallet
A prominent crypto firm is launching a new crypto hardware wallet with touchscreen capabilities. In a new announcement on the social media platform X, Ledger...
Pro-XRP Lawyer John Deaton Discloses 80% Of His Net Worth Is In Bitcoin
Massachusetts Republican senatorial candidate and pro-XRP attorney John E. Deaton reportedly holds 80% of his personal wealth in the world’s largest cryptocurrency by market value, Bitcoin (BTC), making him one of the most bullish politicians in the United States. Deaton also holds other cryptocurrencies, including Ether, XRP, and Solana.
Outspoken Crypto Defender John Deaton’s Crypto Holdings Revealed
Lawyer-turned-politician John Deaton, who hopes to unseat ardent crypto critic Sen. Elizabeth Warren in the Massachusetts Senate race, has attracted attention in the cryptosphere for his ongoing defense of cryptocurrencies, specifically Ripple’s XRP, amid the fintech startup’s four-year legal dispute with the United States Securities and Exchange Commission.
The fierce crypto advocate personally intervened in the lawsuit (filing numerous amicus curiae briefs on behalf of XRP tokenholders) and was largely vindicated, as Ripple partially won the high-profile case in July 2023 and the SEC later dropped charges against the company’s current and former CEOs.
FOX Business reporter Eleanor Terrett recently revealed that Deaton has put his money where his mouth is, with a massive 80% of his net worth tied up in Bitcoin (BTC) or BTC-related investments. According to Terrett, Deaton also has undisclosed holdings in Ethereum (ETH), Solana (SOL), and XRP.
Notably, Deaton’s supporters aren’t limited to staunch XRP fanatics, though. The broader crypto community has also supported his campaign due to frustrations with Warren’s “anti-crypto” influence.
Crypto And US Elections
Crypto has become a hot-button issue for many candidates running for office in 2024, including former U.S. President Donald Trump. The Republican nominee has pledged to support Bitcoin mining in the United States and is widely expected to announce plans for a strategic Bitcoin (BTC) reserve.
Ripple has donated roughly $1 million to the super political action committee (PAC) Commonwealth Unity Fund to support Deaton’s campaign. Other prominent figures in the crypto community, including Gemini founders Tyler and Cameron Winklevoss, Kraken co-founder Jesse Powell, Ripple’s executive chairman Chris Larsen, and Cardano creator Charles Hoskinson, have also contributed to his campaign.
It’s unclear if Deaton’s crypto legal work could boost his Senate campaign, with election day less than five months away. Both candidates for the Massachusetts seat in the U.S. Senate have significantly different outlooks on crypto assets. Senator Warren famously declared that she would build an “anti-crypto army.” She claimed on July 25 that crypto mining operations in the U.S. threaten national security, with “foreign adversaries” running crypto mining companies that could be used “to spy on U.S. military operations.”
ETH Mimics BTC’s Post-ETF Crash, Hinting at Massive Rally Ahead
This week, the second-largest cryptocurrency Ethereum experienced a significant decline in value despite the highly anticipated launch of a spot ETH ETF. The coin price...
Just-In: GrayScale Receives SEC Nod For Bitcoin Mini Trust ETF
Grayscale Investments has received the green light from the U. S. Securities and Exchange Commission (SEC) for its new product, the Grayscale Bitcoin Mini Trust....
Ex-FTX Exec Ryan Salame Is Not Ready For Jail, Here’s Why
A dog attack has caused former FTX Executive Ryan Salame to request the delay of his seven-and-a-half-year prison sentence. Ryan Salame Files to Report to...