Crypto News

Crypto Proponent Becomes Next Ohio Senator

                                                            Der Bitcoin-freundliche Politiker – James David Vance – gewann die Vorwahlen zum republikanischen Senat von Ohio und wird im November dieses Jahres gegen das Mitglied der Demokratischen Partei – Tim Ryan – antreten.  Die Abstimmung wird den nächsten Senator von Ohio bestimmen, und interessanterweise ist Ryan auch ein Unterstützer des Cryptosektors.

Crypto supporters on the final sprint

American politician, venture capitalist and author – James David Vance – secured a victory in the Republican primary in the Ohio Senate. He received 32% of the vote, while former Treasurer Josh Mandel finished second.

Vance is known for having a close relationship with former US President Donald Trump. After announcing his victory, he thanked Trump for supporting his candidacy and defied his critics:

“They wanted to create a story that this campaign would be the death of Donald Trump’s America First agenda. It is not the death of the America First agenda.”

However, unlike the former president, Vance is a supporter of the digital asset industry. Earlier this year, he argued that “crypto takes off” because it offers people decentralization and freedom. On the other hand, governments can freeze bank accounts, preventing individuals from accessing their funds.

Vance is also a Bitcoin HODLer, investing between $100,000 and $250,000 of his wealth in the primary cryptocurrency has invested.

James David Vance, Bulwark
He faces Democratic Congressman Tim Ryan on November 8 as the votes will determine who will take the seat of retiring Republican Ohio Senator Rob Portman. Ryan, who ran for president in 2020, is also interested in the crypto sector. He supports legislation that will help simplify tax reporting procedures for digital assets.

Other US politicians are bullish on crypto

The future Ohio Senator won’t be the only American lawmaker with a positive approach to the digital asset universe, with Senators Ted Cruz and Cynthia Lummis standing out.

In February, Cruz said he’s a fan of Bitcoin because authorities can’t control it, which is why China banned it last year.

For her part, Lummis was disappointed with the way US lawmakers are handling fiat currencies, which could lead to the collapse of the dollar. She “thanked God” for Bitcoin’s existence as it could fix “government irresponsibility.”

The senator also admitted to working on a crypto bill that could see the light of day before the end of the year. According to their proposal, cryptocurrencies and traditional assets fall under similar regulatory categories.

The mayors of Miami (Francis Suarez) and New York (Eric Adams) are also crypto advocates. Both received salaries in bitcoin rather than fiat currencies and vowed to turn their respective megalopolises into hubs for digital assets.

Source: Crypto News Deutsch

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