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.

AccessTimeIconMay 4, 2022 at 2:28 a.m. UTC
Updated May 4, 2022 at 5:32 p.m. UTC

Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.

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.

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Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.

CoinDesk - Unknown

Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.

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