John Deaton, a prominent advocate for cryptocurrency, has clinched the Republican nomination for the U.S. Senate seat from Massachusetts and is set to compete against incumbent Democratic Senator Elizabeth Warren in the general election this November.
Deaton, known for his support of Ripple and a former Marine, emerged victorious in the Republican primary, outpacing Bob Antonellis and Ian Cain. With 64% of the vote counted, Deaton secured a commanding lead, as reported by the Associated Press on September 4.
Warren, who has been a vocal critic of the cryptocurrency sector and has proposed stringent regulations on the industry, is seeking her third term. She has a history of significant victories, including a notable defeat of Scott Brown in 2012 and a strong showing in 2018.
The cryptocurrency industry has rallied behind Deaton, with substantial financial backing from figures such as Ripple executives and the Winklevoss twins. His campaign received over $1 million in support from the Commonwealth Unity Fund, a political action committee focused on crypto interests.
Deaton’s campaign finances show he raised about $1.7 million by late July. Despite his recent primary win, his campaign has not heavily focused on cryptocurrency in his public statements. Earlier this year, he also filed a brief supporting Coinbase in its legal dispute with the SEC.
UBS analyst Brian Meredith has revised his outlook on Berkshire Hathaway’s Class B shares, trimming the price target from $606 to $591, while maintaining a “buy” rating.
In a move not seen in decades, the U.S. Treasury Department has initiated a historic $10 billion bond buyback—its largest ever—targeting securities set to mature between mid-2025 and mid-2027.
In a bold move to reshape the future of ApeCoin, Yuga Labs has introduced a proposal that would dissolve the existing ApeCoin DAO and replace it with a streamlined management body called ApeCo.
Circle’s arrival on the New York Stock Exchange sent shockwaves through the market, and Cathie Wood’s ARK Invest wasted no time jumping in.