A political action committee (PAC) primarily funded by co-founders of Gemini and Ripple Labs, Commonwealth Unity Fund, has spent over $600,000 in support of Republican Senate candidate John Deaton. According to Federal Election Commission records, the super PAC has spent approximately $330,000 on media buys against incumbent Democratic Senator Elizabeth Warren, while spending the same amount supporting Deaton. Deaton, a lawyer who supports companies like Ripple in the crypto space, criticized the SEC and Senator Warren for overstepping with digital assets. FEC records show that Commonwealth has raised over $2.5 million to support Deaton, while Senator Warren has raised over $180 million for re-election since 2019. Other crypto-backed PACs such as Fairshake have also invested heavily in congressional elections.