Stand With Crypto endorses John Deaton in race against Elizabeth Warren

Crypto advocacy Stand With Crypto supported John E. Deaton and highlighted his stance on digital assets while challenging Senator Elizabeth Warren.

Stand With Crypto, a crypto advocacy group, has endorsed pro-crypto lawyer John E. Deaton in his campaign against Senator Elizabeth Warren for the Massachusetts Senate seat.

The endorsement signals growing support for Deaton’s pro-crypto regulatory stance as he faces off against Warren.

Known for defending XRP holders in the US Securities and Exchange Commission’s lawsuit against Ripple Labs, Deaton has gained popularity among crypto enthusiasts. Stand With Crypto’s endorsement shows that the group sees Deaton as a candidate who will advocate for pro-crypto policies and fight for regulatory clarity.

Stand With Crypto’s website claims to have raised more than $180 million, with crypto companies like Exodus donating $1.3 million to Stand With Crypto to support pro-crypto candidates in the upcoming US elections.

On September 13, Andreessen Horowitz’s a16z Crypto fund partnered with Stand With Crypto and OpenSea to launch the Creative Legal Defense Fund, which provides legal support to NFT artists.

Deaton and Warren’s crypto beliefs

In contrast, Senator Warren has consistently pushed for tighter regulations on the crypto industry.

He argues that digital assets carry risks such as money laundering, fraud and national security threats. Warren has called for tighter regulation, advocating for policies that would subject cryptocurrencies to regulations similar to those governing traditional finance.

His stance has made him a target of criticism within the crypto community, which sees his approach as overly restrictive and potentially harmful to innovation.

Deaton, meanwhile, emphasized that he does not work on crypto, but his campaign resonates with crypto supporters who want more balanced regulation.

Stand With Crypto’s approval reinforces the message that the industry needs advocates willing to challenge what they see as aggressive and vague regulatory measures. As the race heats up, this approval adds another layer to the ongoing debate over cryptocurrency’s future in U.S. financial policy.