Forbes reporter Eleanor Terrett wrote on the X platform that during two debates between Senator Elizabeth Warren and crypto supporter John E Deaton, Warren repeated that Deaton's campaign was "90% funded by the crypto industry."
Excluding money raised by the Commonwealth Unity Fund, an external super PAC that was not used directly for Deaton's campaign, Deaton raised a total of about $2 million, including $1 million it lent itself, so it can be said that 1 million came from outside individual donations.
According to the FEC filing, less than $100,000 of that was donated by people from the crypto industry, meaning that only 10% of Deaton's personal donations came from the crypto industry. If the money raised by the Commonwealth Unity Fund ($2.50 million, not directly used for his campaign) is included, Deaton's donations from the crypto industry account for about 60% of his total donations.
Forbes Reporter: Crypto Supporter John E Deaton Campaign 90% Funded by Crypto Industry False Claims, Actually 60%
2024-10-25 00:53:09
Forbes journalist eleanor terrett platform posting elizabeth warrendesk3cryptocurrencydesktopCrypto News
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