TLDR
- David Schwartz donated XRP after John Deaton asked supporters for grassroots campaign help on X.
- Deaton says his Senate bid avoids PAC money, lobbyist funds, and special interest support entirely.
- Deaton’s new campaign follows his failed 2024 challenge against Massachusetts Senator Elizabeth Warren in Massachusetts.
- Crypto political spending has grown as Fairshake backs candidates across several competitive U.S. primary races.
- Recent XRP ETF inflows added market context, although price resistance still limited the token’s advance.
Ripple CTO Emeritus David Schwartz has donated XRP to John Deaton’s latest U.S. Senate campaign. The move connects a senior Ripple figure with one of the most visible pro-crypto voices in U.S. politics. Deaton has built support among XRP holders through his legal work and public comments on crypto rules.
Schwartz Supports Deaton With XRP
Schwartz made the donation after Deaton asked supporters on X to help fund his campaign. The donation was made in XRP, the token often linked with Ripple in public discussion.
Deaton used his post to present his campaign as a grassroots effort. He said, “Unlike career politicians, I don’t take PAC money.” He also said, “I don’t take lobbyist money. I don’t answer to special interests.”
Deaton said many of his donors give between $25 and $100. He said those contributions help him “defeat 53 years of politics as usual.”
The XRP donation gave his campaign fresh attention from crypto users. It also showed how digital assets can enter political fundraising in direct ways.
Deaton Builds on His Crypto Profile
Deaton is known in the XRP community for his role in the Ripple-related SEC legal fight. His work helped him gain support from many digital asset users.
His latest campaign follows his 2024 Senate run against Elizabeth Warren in Massachusetts. Warren is known for her strong criticism of the crypto sector.
Deaton lost that race, but he remained active in crypto policy debates. His new campaign again links his legal background with his political message.
The support from Schwartz may help Deaton reach more XRP holders. However, the campaign still needs support from voters who do not follow crypto closely.
Crypto Money Grows in U.S. Politics
Deaton says he does not take PAC money, but the wider crypto sector has spent heavily. Politico reported that pro-crypto groups are funding several competitive races.
Fairshake, a major pro-crypto super PAC, has spent $28 million this cycle. Its backers include Ripple Labs and other crypto industry groups.
In the last election cycle, a Fairshake-linked group spent about $40 million against Sherrod Brown. Brown had been one of the Senate’s most vocal crypto critics.
The donation from Schwartz came as XRP also drew market attention. Recent spot XRP ETF data showed more than $60 million in weekly net inflows.
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