More than half a dozen cryptocurrency executives and prominent enthusiasts have donated to longshot GOP candidate John Deaton.
“Elizabeth Warren represents all of the worst things about American politicians,” said Scaramucci, a one-time Trump White House communications director who founded the investment firm Skybridge Capital. “It’s no longer about what’s right or wrong for the country, but what’s hard left. So we’re going to work our hardest to spend as much money as we can and raise as much money as we can to defeat her.
Cameron and Tyler Winklevoss, who co-founded the embattled crypto exchange Gemini, shelled out $6,600 apiece. Two other crypto executives, Ethereum and Cardano founder Charles Hoskinson and Casa co-founder Jameson Lopp, both donated the primary maximum of $3,300, according to data provided by Deaton’s campaign.
The crypto PAC group has said its next targets include the high-profile Senate races in Ohio and Montana, where Democratic Sens. Deaton, a former Marine who opened a law firm in Rhode Island representing asbestos victims, isn’t explicitly running on his crypto advocacy. But as Warren continues her attempts to strengthen oversight of the industry, Deaton is turning her efforts into a campaign cudgel. Hein the House to pass legislation that would create a regulatory framework for stablecoins, cryptocurrencies that are pegged to assets like the U.S. dollar.