Forbes reporter: Crypto supporter John E Deaton's campaign was 90% funded by the crypto industry, which is wrong, in fact it was 60%

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Cointime2024/10/25 01:16

By:Cointime

Forbes reporter Eleanor Terrett wrote on the X platform that during two debates between Senator Elizabeth Warren and cryptocurrency supporter John E Deaton, Warren repeatedly stated that "90% of Deaton's campaign is funded by the cryptocurrency industry." With the assistance of analyst James Delmore, it was found that Deaton raised a total of about $2 million, including $1 million he lent himself, and therefore had $1 million from external individual donations. According to FEC documents, less than $100,000 was donated by individuals from the cryptocurrency industry, meaning only 10% of Deaton's personal donations came from the cryptocurrency industry. If the funds raised by the Commonwealth Unity Fund (not directly used for his campaign) are included, Deaton received about 60% of his donations from the cryptocurrency industry.

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