Ripple Labs donated $1 million to Republican lawyer John Deaton, who is challenging Senator Elizabeth Warren for her U.S. Senate seat in Massachusetts.

Deaton, a vocal supporter of Ripple in its legal battles, is backed by prominent figures in the crypto community.

The race between Deaton and Warren symbolizes a larger proxy battle between pro- and anti-crypto groups, with significant implications for US cryptocurrency regulation.

Deaton's victory could lead to a more industry-friendly approach to regulation, while Warren remains a strong opponent.

The outcome of the race will have widespread effects on the digital asset industry and could shift the national conversation on cryptocurrency regulation.

Former President Trump's reelection chances have surged, with pro-crypto advocate Senator J.D. Vance as his VP pick, highlighting the intersection of politics and the crypto industry.

The Massachusetts Senate race is closely watched by the crypto community as it unfolds.