Pro-XRP Lawyer John Deaton Launches New US Senate Bid Against Ed Markey
John Deaton, a prominent cryptocurrency advocate and lawyer known for his legal battles against the SEC, has announced his second campaign for the US Senate in Massachusetts. This time, he will challenge Democrat Ed Markey, who has previously criticized cryptocurrency for its energy consumption. Deaton's previous 2025 bid against Elizabeth Warren, despite being well-financed, resulted in a 20-point loss. Positioning himself as a champion for working-class families, Deaton's campaign is expected to bring cryptocurrency regulation and innovation to the forefront of political discourse. His pro-XRP stance and opposition to restrictive policies could influence the future of digital asset legislation in the US. As the 2025 Senate race heats up, the crypto community will be watching closely to see how Deaton's platform resonates with voters in Massachusetts.
Pro-XRP Lawyer John Deaton Launches New US Senate Bid Against Ed Markey
John Deaton, the crypto advocate known for his legal battles against the SEC, has announced a second campaign for the US Senate in Massachusetts. This time, he will challenge Democrat Ed Markey, who has previously targeted crypto's energy consumption. Deaton's 2025 bid against Elizabeth Warren, though well-financed, ended in a 20-point loss.
The attorney frames himself as a fighter for working-class families, leveraging his Marine Corps background and pro-crypto stance. His campaign launch on X (formerly Twitter) directly solicits support from the digital asset community, positioning the race as a clash between grassroots innovation and political establishment.
Canary Capital's XRP ETF Set to Launch on Nasdaq
The first U.S. spot XRP ETF is poised for launch after Canary Capital completed its final regulatory filing with the SEC. The FORM 8-A submission, registered under Section 12(b) of the Securities Exchange Act of 1934, clears the path for Nasdaq listing approval. Trading is expected to commence at market open on November 13.
This ETF provides investors with indirect exposure to xrp price movements through traditional brokerage accounts—eliminating the need for direct cryptocurrency custody. Market observers liken its significance to the watershed introductions of Bitcoin and Ethereum spot ETFs, which institutionalized crypto investment in regulated markets.
XRP's price has shown notable appreciation since the announcement, though specific percentage gains remain undisclosed in this report. The development marks another milestone in the integration of digital assets into mainstream finance.
Ripple Bets $4B on Financial Network Expansion Amid Bullish XRP Price Predictions
Ripple Labs has committed nearly $4 billion to acquire financial services infrastructure, bridging Web3 technology with traditional finance networks. The MOVE is expected to catalyze institutional liquidity inflows for XRP, with analysts projecting a potential surge toward $5.
The company acquired brokerage firm Hidden Road for $1.3 billion and software provider GTreasury for over $1 billion in 2025. Last week, Ripple launched an OTC spot trading offering for U.S. institutions, raising $500 million and boosting its valuation to $40 billion.
"2025 has been an incredible year for Ripple and a record year for crypto as a whole," said CEO Brad Garlinghouse in a November 5 tweet. The TradFi-crypto convergence represents more than validation—it's a liquidity gateway for institutional capital.
Canary XRP ETF Clears Final Hurdle Amid Government Shutdown, Set for Nasdaq Listing
Canary Capital's XRP ETF has completed its Form 8-A filing with the SEC, securing Nasdaq approval for listing—a final step before launch. The fund will become the first '33 Act ETF offering 10% spot exposure to XRP, with an expected launch tomorrow following Nasdaq's certification.
The breakthrough comes despite ongoing U.S. government delays that have stalled other crypto ETF approvals. Canary circumvented regulatory gridlock by removing the delay amendment from its S-1 filing, triggering automatic effectiveness upon exchange approval.
This strategic maneuver highlights how issuers are adapting to SEC operational constraints during the shutdown. Bitwise and Grayscale are reportedly pursuing similar approaches for their pending crypto ETFs.
