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Crypto-Friendly Tim Ryan, J.D. Vance to Vie for Ohio's Open Senate Seat
Both Ryan, a Democrat, and Vance, a Republican, support cryptocurrencies.
Updated May 11, 2023, 6:39 p.m. Published May 4, 2022, 2:28 a.m.
Rep. Tim Ryan (D-Ohio) and Republican J.D. Vance, a venture capitalist and author of the book "Hillbilly Elegy," won their party's nominations to run for Ohio's open Senate seat. The Associated Press called both primary races Tuesday evening.
- Vance owns a sizable amount of BTC. He was is also heavily backed by PayPal (PYPL) co-founder Peter Thiel, who recently stated his views on the moral imperative for bitcoin adoption and shamed crypto-skeptical financial leaders.
- Vance, who was endorsed in the primary by former President Donald Trump, beat six other GOP candidates, including Josh Mandel, who served as a state representative and state treasurer (he implemented the program to pay taxes in crypto), then he secured a footnote in crypto-politics history with a single tweet proclaiming his vision for Ohio: "pro-God, pro-family, pro-bitcoin."
- Ryan co-sponsored the Keep Innovation in America Act, a crypto-friendly bill designed to maintain reasonable tax reporting requirements. Ryan defeated his challenger, Morgan Harper.
Read more: Ohio's Senate Candidates Stake Out Crypto Positions
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What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Crypto CEOs Join U.S. CFTC's Innovation Council to Steer Market Developments
The chief executives of firms such as Gemini and Kraken will pitch in on U.S. policy efforts through the council's future, public discussions.
What to know:
- In her final days atop the agency, Commodity Futures Trading Commission Acting Chairman Caroline Pham announced her CEO Innovation Council, replete with crypto executives.
- The names include the chief executives from Gemini, Kraken, Polymarket, Bitnomial and several others.
- The CFTC is expected to get its permanent chairman very soon when the Senate votes on the confirmation of Mike Selig, President Donald Trump's nominee.
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