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Ripple has contributed $1 million to back XRP advocate John Deaton in his campaign against Senator Elizabeth Warren in the Massachusetts Senate race.
The funds are being channeled to the Commonwealth Unity Fund, a new super PAC created by attorney James Murphy, who contributed $50,000 on April 15 to the cause.In February, John Deaton officially entered the race for the GOP nomination for the U.S. Senate in Massachusetts to challenge Democrat Sen. Elizabeth Warren in November’s election. Deaton is one of several candidates competing in the Republican primary, scheduled for September 3.
Last year in July, Judge Analisa Torres ruled that Ripple’s secondary sales of XRP through a blind bid process did not violate securities laws. However, direct sales to institutional investors were deemed securities investment contracts.between anti- and pro-crypto forces. John Deaton, a former Marine and lawyer known for his role in the Ripple vs. SEC case, leads the pro-crypto side. His efforts helped secure a ruling that Ripple’s XRP sales are not investment contracts.
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