GOP governor survives challenge from Bitcoin evangelist in gubernatorial runoff

By Fox News · Fox News

South Dakota Gov. Larry Rhoden fended off a primary challenge from businessman and Bitcoin evangelist Toby Doeden on Tuesday, winning the first gubernatorial primary runoff in state history and advancing to the November general election. The Associated Press called the race for Rhoden within minutes of final polls closing. He had received 70.5% of the vote compared with Doeden’s 29.5% at the time it was called, with approximately 25% of the expected vote counted. The election marked the first time South Dakota voters were asked to settle a gubernatorial nomination through a primary runoff. State law requires a runoff between the two leading candidates when no contender for governor, U.S. Senate or U.S. House receives at least 35% of the primary vote. TRUMP-BACKED FIREBRAND WINS ARIZONA GOP GOVERNOR PRIMARY, SETTING UP HIGH-STAKES SHOWDOWN The head-to-head contest followed a four-way June primary in which Doeden finished first with 30.6% of the vote and Rhoden placed second with 25.2%, leaving both short of the 35% needed to secure the nomination outright. Rhoden became governor in early 2025 after Kristi Noem left to join the Trump administration, while Doeden entered the race as a businessman and political newcomer. Doeden also built a public profile as a Bitcoin evangelist. He said he began investing "very, very heavily" in the cryptocurrency around 2020 after devoting roughly 500 hours to researching it, eventually converting nearly all the cash reserves from his companies that he did not expect to need into Bitcoin. "I will buy bitcoin forever, every single day," Doeden previously said on his podcast, according to the South Dakota Searchlight. "We mine bitcoin, we buy bitcoin." Doeden also supported legislation that would have allowed the South Dakota Investment Council, which manages public employee pension funds and other state investments, to invest in Bitcoin. He went further by calling for South Dakota to establish a state Bitcoin reserve – a move state in…