Lawyer Reveals 82% of Net Worth is in Bitcoin

Attorney John Deaton will compete against two Republican candidates in a Massachusetts primary on Sept. 3.

• John Deaton, a lawyer running for a United States Senate seat in Massachusetts, shared that 82% of his net worth is in Bitcoin.
• At the Bitcoin 2024 conference in Nashville on July 27, Deaton discussed his campaign against incumbent Senator Elizabeth Warren with crypto enthusiasts.
• Deaton referred to a 2022 interview with Senator Warren where she expressed support for a central bank digital currency (CBDC).

Support Dilemma

Cynthia Lummis, a Wyoming senator, recently endorsed Republican Ian Cain over Deaton for the US Senate.

• The Massachusetts Republican primary on Sept. 3 will likely feature Cain, Deaton, and engineer Robert Antonellis competing for the chance to challenge Senator Warren on Nov. 5.
• Despite support from key figures in the cryptocurrency industry, including a $1 million donation from Ripple to a political action committee backing his campaign, Deaton faces tough competition.

The Bitcoin 2024 conference showcased numerous US lawmakers and potential candidates expressing pro-crypto sentiments as the country nears its general election. Former President Donald Trump is scheduled to speak at the event on July 27.