In a surprising development in the U.S. Senate race, rumors swirl about a potential new contender set to challenge Senator Elizabeth Warren and her pro-XRP opponent, John Deaton. The speculated candidate would face tough competition if they decide to enter the race against Warren and Deaton.
The rumored rival is Ian Cain, co-founder of Qubic Labs, who has recently declared his affiliation with the Republican Party, sparking speculation about his intention to run for Warren’s Senate seat. With a background in the blockchain industry, Cain’s pro-crypto stance makes him a formidable opponent to the established candidates. However, questions arise about his ability to gather the required 10,000 signatures by the May 7 deadline to secure a spot on the ballot. While Deaton has already made significant progress in collecting signatures with the support of seasoned political advisor Jim Conroy, Cain would face a challenging task to catch up if he decides to compete against Warren and Deaton.
Cain’s potential candidacy adds a new dynamic to the electoral landscape, offering voters a choice between established incumbents and newcomers representing the crypto community. Additionally, there’s speculation about whether crypto-affiliated political action committees, particularly Fairshake, will support Deaton’s campaign. While Fairshake is considering involvement in other states, its support in Massachusetts could be advantageous for Deaton’s campaign against Warren.
Deaton has already initiated a fundraising campaign for his Senate bid, including cryptocurrency donations, and has garnered significant support from the crypto industry, with figures like Anthony Scaramucci endorsing his cause.