- Elon Musk, CEO of Tesla and billionaire, has expressed his support for John Deaton in the Massachusetts Senate race against Elizabeth Warren, who is known for her anti-crypto stance.
- Brian Armstrong, the CEO of Coinbase, has also shown his support for Deaton and urged crypto enthusiasts in the state to vote for him on November 5.
The world’s wealthiest individual, Elon Musk, has backed crypto advocate John Deaton in his campaign for the US Senate in Massachusetts, where he is up against anti-crypto adversary Elizabeth Warren. Musk shared a post from Coinbase CEO Brian Armstrong supporting Deaton on X (formerly Twitter), affirming his unwavering endorsement of the former Marine and crypto-friendly lawyer.
Crypto Heavyweights Rally Behind Deaton
The elections scheduled for November 5 are crucial for the liberation of the crypto sector, which has faced relentless scrutiny from the SEC with ongoing enforcement actions against cryptocurrency enterprises.
As the US elections approach in just two weeks, prominent figures like Musk and Armstrong have emerged in support of Deaton’s Senate campaign. Musk, recognized for his substantial influence, shared a supportive tweet for Deaton, which could provide a significant advantage over his Democratic rival.
Musk’s endorsement of Deaton is part of a chain reaction of support initiated by pro-crypto lawyer James Murphy, known as MetaLawMan, who made a post urging residents of Massachusetts to cast their votes for Deaton. Murphy stated that “Deaton has done more for crypto freedom than all other candidates combined” and should earn the votes of all residents in MA.
Armstrong agreed with Murphy, commenting on his own tweet that endorsed another pro-crypto Senate candidate from Pennsylvania, Dave McCormick.
The Coinbase CEO highlighted that Sen. Warren “is the one who got Gary Gensler his job and encouraged him to (illegally) attempt to dismantle the crypto industry in the US.” He also described her as “anti-freedom,” emphasizing that she has “caused significant damage” to the country.
A Potential Turning Point: Musk’s Endorsement of Deaton
Musk later shared Armstrong’s tweet, responding with “Yes.” The billionaire’s support for Deaton could represent a significant change in the dynamics of the campaign, given his vast influence and reach in the US.
Since acquiring X (formerly Twitter) in 2022, Musk has become the platform’s most followed individual with over 202 million followers, which automatically positions him as an influential figure.
Moreover, Musk’s provocative tweets and political viewpoints consistently draw considerable attention and loyalty from his followers, among whom he holds significant sway. He used this influence effectively in 2021 when he referred to Dogecoin as “the People’s Crypto,” which caused the price of the memecoin to surge by over 50% shortly after the tweet.
As one of the world’s most significant influencers, Musk’s backing of Deaton is likely to galvanize additional support for the ex-Marine in the upcoming election.
Recently, Deaton and Warren faced off in the initial two Senate debates in Massachusetts, with Deaton commended for his strong stance on crypto. A victory over Warren would symbolize a triumph for the entire crypto industry on November 5.
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