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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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