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Ohio, with nearly 2 million digital asset owners, is moving towards state Bitcoin reserves, according to legislator Steve Demetriou (#Decrypt , 24/06/2025). After the House passed Bill 116 (HB 116), which provides a small tax exemption for crypto owners, Demetriou is pushing for Bill 18 (HB 18), allowing 10% of public funds to be invested in high-cap crypto such as Bitcoin (~$2 trillion USD, CoinGecko).
HB 116, which does not specifically mention Bitcoin, aims to establish blockchain regulations and protect crypto users from complex compliance requirements. HB 18, currently in committee, prioritizes digital assets with a market cap over $750 billion. Demetriou emphasizes education and bipartisan support to get HB 116 through the Senate and signed into law, positioning #Ohio as a leader in digital finance.
Risk Warning: The information is for reference only and is not investment advice.
HB 116, which does not specifically mention Bitcoin, aims to establish blockchain regulations and protect crypto users from complex compliance requirements. HB 18, currently in committee, prioritizes digital assets with a market cap over $750 billion. Demetriou emphasizes education and bipartisan support to get HB 116 through the Senate and signed into law, positioning #Ohio as a leader in digital finance.
Risk Warning: The information is for reference only and is not investment advice.
BREAKING ๐บ๐ธ Ohio just made history. Bitcoin is now officially accepted for
Bitcoin is now officially accepted for paying taxes and state service Yes, you can now send satoshis to the state โ not just to your wallet.
This is more than a policy update. Itโs a clear sign that crypto is crossing over from speculative asset to *functional money*.
Whether you're a builder, investor, or just someone whoโs been stacking satsโฆ this is what adoption looks like.
#Ohio #bitcoin #RealWorldUse $BTC
This is more than a policy update. Itโs a clear sign that crypto is crossing over from speculative asset to *functional money*.
Whether you're a builder, investor, or just someone whoโs been stacking satsโฆ this is what adoption looks like.
#Ohio #bitcoin #RealWorldUse $BTC
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Ohio passes legislation allowing payment of state fees with cryptocurrency
The State Deposit Board #ohio $BTC unanimously approved providers to handle transactions for state fees and services paid with cryptocurrency (including Bitcoin). This decision is the latest effort by Ohio to integrate cryptocurrency into public finance and solidify its leading position in the digital economy.
Meeting demand and spirit of innovation
The approval of providers is the final step after months of preparation, initiated by Secretary of State Frank LaRose and Treasurer Robert Sprague's proposal in April.
Secretary of State Frank LaRose stated that his office handles hundreds of thousands of transactions each year and has noticed an "increasing demand" for cryptocurrency payment options. He emphasized that this bold action helps Ohio maintain a leading position in the emerging digital economy and attract job creators.
Accepting payments of #crypto is part of Ohio's broader digital asset strategy:
The proposed Ohio Blockchain Basic Law aims to prohibit local governments from restricting the use of digital assets and exempts capital gains tax on cryptocurrency transactions under $200.
LaRose also supports House Bill 18, which aims to establish the Ohio Strategic Crypto Reserve, funded by a portion of state investment earnings.
Ohio's initiative is a clear signal that solidifies the overall trend in the U.S. towards promoting cryptocurrency innovation, with 47 states having proposed legislation related to Strategic Bitcoin Reserves (SBR).
The State Deposit Board #ohio $BTC unanimously approved providers to handle transactions for state fees and services paid with cryptocurrency (including Bitcoin). This decision is the latest effort by Ohio to integrate cryptocurrency into public finance and solidify its leading position in the digital economy.
Meeting demand and spirit of innovation
The approval of providers is the final step after months of preparation, initiated by Secretary of State Frank LaRose and Treasurer Robert Sprague's proposal in April.
Secretary of State Frank LaRose stated that his office handles hundreds of thousands of transactions each year and has noticed an "increasing demand" for cryptocurrency payment options. He emphasized that this bold action helps Ohio maintain a leading position in the emerging digital economy and attract job creators.
Accepting payments of #crypto is part of Ohio's broader digital asset strategy:
The proposed Ohio Blockchain Basic Law aims to prohibit local governments from restricting the use of digital assets and exempts capital gains tax on cryptocurrency transactions under $200.
LaRose also supports House Bill 18, which aims to establish the Ohio Strategic Crypto Reserve, funded by a portion of state investment earnings.
Ohio's initiative is a clear signal that solidifies the overall trend in the U.S. towards promoting cryptocurrency innovation, with 47 states having proposed legislation related to Strategic Bitcoin Reserves (SBR).
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Ohio Proposes Establishing a Bitcoin Reserve Fund: Opportunities to Protect Public Assets from Depreciation
Ohio is becoming the focal point of attention in the cryptocurrency community with Representative Derek Merrin introducing Bill 703 โ also known as the Ohio Bitcoin Reserve Act. This bill proposes establishing a fund $BTC in the state treasury while empowering the state treasurer to independently decide on Bitcoin investments.
Bitcoin: Protecting Public Assets Against Inflation
According to Representative Derek Merrin, the USD is rapidly depreciating, causing public assets to lose value. Bitcoin is seen as a potential solution to protect this capital. He stated on platform X (formerly Twitter):
Bitcoin: Protecting Public Assets Against Inflation
According to Representative Derek Merrin, the USD is rapidly depreciating, causing public assets to lose value. Bitcoin is seen as a potential solution to protect this capital. He stated on platform X (formerly Twitter):
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South Dakota Proposes Bitcoin Reserve Fund Legislation โ A Widespread Trend in the U.S.
#SouthDakota is preparing to debate a bill to include Bitcoin in the stateโs financial reserve, a move that reflects the state's official recognition of cryptocurrency. This is also part of a growing trend in the U.S., as many states are proposing similar policies.
South Dakota Pioneers in Holding Bitcoin
Logan Manhart, a South Dakota state representative, stated on X on Tuesday:
South Dakota Pioneers in Holding Bitcoin
Logan Manhart, a South Dakota state representative, stated on X on Tuesday:
Ohio lawmaker proposes bill to create a state-backed bitcoin reserve
Ohio lawmaker proposes bill to create a state-backed bitcoin reserve
Ohio State Representative Derek Merrin introduced a new bill on Tuesday to establish a state-backed bitcoin reserve.
โAs the US dollar undergoes devaluation, bitcoin provides a vehicle to supplement our state's portfolio and preserve public funds from losing value,โ Merrin wrote in his X post.
HB 703, named the Ohio Bitcoin Reserve Act, seeks to create a designated bitcoin reserve fund within the state treasury and authorize the treasurer to invest interim money of the state in bitcoin.
โA strategic bitcoin reserve fund aligns with the state's commitment to fostering innovation in digital assets and providing Ohioans with enhanced financial security,โ the bill said.
In a separate statement, the Republican Ohio lawmaker said that he anticipates the incoming administration under Donald Trump to establish a national bitcoin reserve, also mentioning Republican Sen. Cynthia Lummisโ draft bill to have the U.S. purchase 1 million BTC in five years.
Representatives from other U.S. states, includingย Texasย andย Pennsylvania, have also recently pushed to build bitcoin reserves in their respective states.
Bitcoin has seen substantial gains throughout this year, especially after the reelection of crypto proponent Trump as U.S. President.
The worldโs largest cryptocurrency rose 155% in the past year, currently trading at $104,680 according to The Blockโs bitcoin price page.
#Ohio #OhioState #Bitcoin #cryptomarket #CryptoNews
Ohio State Representative Derek Merrin introduced a new bill on Tuesday to establish a state-backed bitcoin reserve.
โAs the US dollar undergoes devaluation, bitcoin provides a vehicle to supplement our state's portfolio and preserve public funds from losing value,โ Merrin wrote in his X post.
HB 703, named the Ohio Bitcoin Reserve Act, seeks to create a designated bitcoin reserve fund within the state treasury and authorize the treasurer to invest interim money of the state in bitcoin.
โA strategic bitcoin reserve fund aligns with the state's commitment to fostering innovation in digital assets and providing Ohioans with enhanced financial security,โ the bill said.
In a separate statement, the Republican Ohio lawmaker said that he anticipates the incoming administration under Donald Trump to establish a national bitcoin reserve, also mentioning Republican Sen. Cynthia Lummisโ draft bill to have the U.S. purchase 1 million BTC in five years.
Representatives from other U.S. states, includingย Texasย andย Pennsylvania, have also recently pushed to build bitcoin reserves in their respective states.
Bitcoin has seen substantial gains throughout this year, especially after the reelection of crypto proponent Trump as U.S. President.
The worldโs largest cryptocurrency rose 155% in the past year, currently trading at $104,680 according to The Blockโs bitcoin price page.
#Ohio #OhioState #Bitcoin #cryptomarket #CryptoNews
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Update on Bitcoin Legislation in U.S. States
Legislative activity related to Bitcoin in the U.S. continues to show notable developments.
๐น State #ohio : A group of Representatives has just proposed a bill to eliminate state tax on payments made in Bitcoin. If passed, this policy could encourage the use of BTC as a legal means of payment in the state.
๐น State #SouthDakota : The Bitcoin Reserve bill HB 1202, which proposed including Bitcoin in the state's financial reserves, was not approved by the House Committee on Commerce and Energy. This decision somewhat reflects the challenges of recognizing BTC as a strategic asset at the state level.
These moves indicate a division in how states in the U.S. approach Bitcoin, with some areas looking to promote BTC acceptance, while others remain cautious.
#anhbacong
Legislative activity related to Bitcoin in the U.S. continues to show notable developments.
๐น State #ohio : A group of Representatives has just proposed a bill to eliminate state tax on payments made in Bitcoin. If passed, this policy could encourage the use of BTC as a legal means of payment in the state.
๐น State #SouthDakota : The Bitcoin Reserve bill HB 1202, which proposed including Bitcoin in the state's financial reserves, was not approved by the House Committee on Commerce and Energy. This decision somewhat reflects the challenges of recognizing BTC as a strategic asset at the state level.
These moves indicate a division in how states in the U.S. approach Bitcoin, with some areas looking to promote BTC acceptance, while others remain cautious.
#anhbacong
*๐จ OHIO IS BUYING BITCOINโฆ THROUGH MSTR?! ๐๐*
The *Ohio State Retirement Fund* just bought *23 million worth of MicroStrategy (MSTR)* shares โ giving them indirect exposure to *Bitcoin* ๐ ๐
---
Why This Matters ๐ง
MicroStrategy holds over *226,000 BTC*, so buying MSTR is basically a bet on *Bitcoinโs future performance* ๐ฅ
Ohioโs move signals growing *institutional confidence* โ not just from Wall Street, but even conservative public funds! ๐๏ธ๐ผ
โ
Prediction Outlook ๐ฎ
- Expect *more public funds* to foll$BTC
ow this route as Bitcoin continues to outperform
-MSTR could see *increased demand* as a regulated gateway to BTC exposure
- This could spark a *domino effect* in state-level institutional adoption ๐ฃ
---
*Simple takeaway:*
If pension funds are buying Bitcoin (even indirectly)โฆ
*You might want to pay attention* ๐
#CryptoNews #ohio #BTC่ตฐๅฟๅๆ #altcoins #bullish
The *Ohio State Retirement Fund* just bought *23 million worth of MicroStrategy (MSTR)* shares โ giving them indirect exposure to *Bitcoin* ๐ ๐
---
Why This Matters ๐ง
MicroStrategy holds over *226,000 BTC*, so buying MSTR is basically a bet on *Bitcoinโs future performance* ๐ฅ
Ohioโs move signals growing *institutional confidence* โ not just from Wall Street, but even conservative public funds! ๐๏ธ๐ผ
โ
Prediction Outlook ๐ฎ
- Expect *more public funds* to foll$BTC
ow this route as Bitcoin continues to outperform
-MSTR could see *increased demand* as a regulated gateway to BTC exposure
- This could spark a *domino effect* in state-level institutional adoption ๐ฃ
---
*Simple takeaway:*
If pension funds are buying Bitcoin (even indirectly)โฆ
*You might want to pay attention* ๐
#CryptoNews #ohio #BTC่ตฐๅฟๅๆ #altcoins #bullish
๐จ JUST IN: OHIO ACCEPTS BITCOIN FOR TAXES
The State of Ohio has officially approved Bitcoin payments for taxes and public fees.
โ Businesses & residents can now settle obligations in $BTC .
โ Goal: modernize the stateโs financial infrastructure.
โ Another major step in real-world crypto adoption.
#bitcoin #CryptoNews #ohio #CryptoAdoption
The State of Ohio has officially approved Bitcoin payments for taxes and public fees.
โ Businesses & residents can now settle obligations in $BTC .
โ Goal: modernize the stateโs financial infrastructure.
โ Another major step in real-world crypto adoption.
#bitcoin #CryptoNews #ohio #CryptoAdoption
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Ohio passes allowing payment of state fees with Crypto
The Ohio Escrow Council #ohio has unanimously approved a provider to process payments in cryptocurrency (including Bitcoin) for various state fees and services. This decision is the latest step by Ohio to integrate crypto into public finance and reinforce its leading position in the digital economy.
Meeting Demand and the Spirit of Innovation
The approval of the provider is the final step after months of preparation, initiated by Secretary of State Frank LaRose and Treasurer Robert Sprague in April.
Secretary of State Frank LaRose stated that his office handles hundreds of thousands of transactions annually and has seen an "increasing demand" for crypto payment options. He asserted that this bold action helps Ohio lead in the emerging digital economy, attracting job creators.
The acceptance of payment by #crypto is part of Ohio's broader digital asset strategy:
The Ohio Blockchain Basic Act is being promoted, aimed at prohibiting local governments from restricting the use of digital assets and exempting capital gains tax on crypto transactions under 200 USD.
LaRose also supports House Bill 18, aimed at establishing the Ohio Strategic Crypto Reserve funded by a portion of the state's investment profits.
Ohio's move is a clear signal, reinforcing the overall trend in the U.S. towards promoting crypto innovation, with 47 states having introduced bills related to the Strategic Bitcoin Reserve (SBR). #anhbacong
The Ohio Escrow Council #ohio has unanimously approved a provider to process payments in cryptocurrency (including Bitcoin) for various state fees and services. This decision is the latest step by Ohio to integrate crypto into public finance and reinforce its leading position in the digital economy.
Meeting Demand and the Spirit of Innovation
The approval of the provider is the final step after months of preparation, initiated by Secretary of State Frank LaRose and Treasurer Robert Sprague in April.
Secretary of State Frank LaRose stated that his office handles hundreds of thousands of transactions annually and has seen an "increasing demand" for crypto payment options. He asserted that this bold action helps Ohio lead in the emerging digital economy, attracting job creators.
The acceptance of payment by #crypto is part of Ohio's broader digital asset strategy:
The Ohio Blockchain Basic Act is being promoted, aimed at prohibiting local governments from restricting the use of digital assets and exempting capital gains tax on crypto transactions under 200 USD.
LaRose also supports House Bill 18, aimed at establishing the Ohio Strategic Crypto Reserve funded by a portion of the state's investment profits.
Ohio's move is a clear signal, reinforcing the overall trend in the U.S. towards promoting crypto innovation, with 47 states having introduced bills related to the Strategic Bitcoin Reserve (SBR). #anhbacong
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OHIO TAKES A HISTORIC STEP TOWARDS ADOPTION OF #BITCOIN ! ๐
The state of Ohio is about to become a pioneer in integrating cryptocurrencies into its public finances. The Bitcoin Strategic Reserve Bill has passed the committee phase, significantly moving closer to final approval.
What does this bill entail?
- Creation of a Bitcoin Strategic Reserve $BTC : Ohio plans to establish a state fund dedicated to investing in Bitcoin, positioning itself at the forefront of financial innovation.
- Payments in Bitcoin: Citizens may have the option to pay taxes and state fees using Bitcoin, facilitating the adoption of cryptocurrencies in everyday transactions.
Why is this relevant?
The approval of this bill would position Ohio as the first state to integrate Bitcoin into its treasury, setting a precedent for other jurisdictions. Moreover, it reflects a growing trend in the United States, where multiple states are considering similar legislation. According to a MarketWatch report, if 18 states were to approve bills to establish cryptocurrency reserves, this could inject up to $23 billion into Bitcoin.
ย
Impact on the crypto market
Institutional adoption of Bitcoin by government entities could strengthen confidence in the cryptocurrency market, potentially boosting its value and stability. This move could also incentivize other states and countries to consider similar policies, accelerating the global adoption of digital assets.
Conclusion
Ohio is about to make a milestone in financial history by integrating Bitcoin into its state operations. This advancement not only highlights the growing acceptance of cryptocurrencies but could also redefine the relationship between public finances and digital assets in the near future.
$BTC
#bitcoin #ohio #Criptomonedas #blockchain
The state of Ohio is about to become a pioneer in integrating cryptocurrencies into its public finances. The Bitcoin Strategic Reserve Bill has passed the committee phase, significantly moving closer to final approval.
What does this bill entail?
- Creation of a Bitcoin Strategic Reserve $BTC : Ohio plans to establish a state fund dedicated to investing in Bitcoin, positioning itself at the forefront of financial innovation.
- Payments in Bitcoin: Citizens may have the option to pay taxes and state fees using Bitcoin, facilitating the adoption of cryptocurrencies in everyday transactions.
Why is this relevant?
The approval of this bill would position Ohio as the first state to integrate Bitcoin into its treasury, setting a precedent for other jurisdictions. Moreover, it reflects a growing trend in the United States, where multiple states are considering similar legislation. According to a MarketWatch report, if 18 states were to approve bills to establish cryptocurrency reserves, this could inject up to $23 billion into Bitcoin.
ย
Impact on the crypto market
Institutional adoption of Bitcoin by government entities could strengthen confidence in the cryptocurrency market, potentially boosting its value and stability. This move could also incentivize other states and countries to consider similar policies, accelerating the global adoption of digital assets.
Conclusion
Ohio is about to make a milestone in financial history by integrating Bitcoin into its state operations. This advancement not only highlights the growing acceptance of cryptocurrencies but could also redefine the relationship between public finances and digital assets in the near future.
$BTC
#bitcoin #ohio #Criptomonedas #blockchain
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Ohio wants to become a โcrypto paradiseโ with the Blockchain Basics Act
The Ohio House of Representatives just approved the Blockchain Basics Act with a vote of 68-26, marking an important step towards protecting the rights of users and businesses in the digital asset sector. The bill will be forwarded to the state Senate for further consideration.
If passed, crypto transactions under 200 USD will be exempt from capital gains tax, helping users avoid unnecessary tax burdens. Additionally, the bill also:
Prohibits state and local governments from restricting the use of digital assets as a means of payment.
Protects users' rights to use hardware wallets and self-custody wallets.
Legalizes home mining activities, as long as they comply with local regulations.
Prevents the government from zoning unfairly against mining facilities, while allowing businesses to respond to or appeal discriminatory decisions.
The bill also exempts certain stringent regulations on staking, operating nodes, or exchanging digital assets from the scope of money transmission, investment, and securities laws.
Proposed by Representative Steve Demetriou, this bill is contributing to making Ohio one of the pioneering states in establishing a reasonable and open legal framework for blockchain. Advocacy organizations such as the Satoshi Action Fund also welcome this step, viewing it as a โclear signalโ that Ohio is ready to embrace the digital future. 57055398292
27196447845
41887793858
53749644489
The Ohio House of Representatives just approved the Blockchain Basics Act with a vote of 68-26, marking an important step towards protecting the rights of users and businesses in the digital asset sector. The bill will be forwarded to the state Senate for further consideration.
If passed, crypto transactions under 200 USD will be exempt from capital gains tax, helping users avoid unnecessary tax burdens. Additionally, the bill also:
Prohibits state and local governments from restricting the use of digital assets as a means of payment.
Protects users' rights to use hardware wallets and self-custody wallets.
Legalizes home mining activities, as long as they comply with local regulations.
Prevents the government from zoning unfairly against mining facilities, while allowing businesses to respond to or appeal discriminatory decisions.
The bill also exempts certain stringent regulations on staking, operating nodes, or exchanging digital assets from the scope of money transmission, investment, and securities laws.
Proposed by Representative Steve Demetriou, this bill is contributing to making Ohio one of the pioneering states in establishing a reasonable and open legal framework for blockchain. Advocacy organizations such as the Satoshi Action Fund also welcome this step, viewing it as a โclear signalโ that Ohio is ready to embrace the digital future. 57055398292
27196447845
41887793858
53749644489
๐บ๐ธ Ohio just passed a bill exempting Bitcoin payments under $200 from state taxes! ๐
This move makes everyday crypto payments like buying coffee or snacks tax-free, boosting Bitcoinโs real-world use. โ๐ธ
A big win for crypto adoption and a sign governments are warming up to digital currencies! ๐ #Bitcoin #crypto #ohio #BinanceSquare
This move makes everyday crypto payments like buying coffee or snacks tax-free, boosting Bitcoinโs real-world use. โ๐ธ
A big win for crypto adoption and a sign governments are warming up to digital currencies! ๐ #Bitcoin #crypto #ohio #BinanceSquare
$BTC ๏ฟผ Ohio has approved a vendor to process crypto payments for state fees, including Bitcoin, as part of a broader push. #ohio #bitcoin
#SECxCFTCCryptoCollab
#SECxCFTCCryptoCollab
Ohio Embraces Crypto: State Fees Can Now Be Paid in Bitcoin and Other Digital Assets
The state of Ohio has joined the ranks of pioneers integrating digital assets into public finance. The Ohio State Depository Board unanimously approved a vendor to process cryptocurrency paymentsโincluding Bitcoinโfor state fees and services. This decision crowns months of work and brings Ohio closer to realizing a vision of a digital economy directly on the blockchain.
Political Support and a Vision for Digital Growth
The initiative was spearheaded by Secretary of State Frank LaRose and State Treasurer Robert Sprague, who since April have pushed for cryptocurrency payments. The proposal was unanimously approved in May, but only now received final confirmation with the vendorโs appointment.
โThereโs a reason we rank among the top five states for business,โ LaRose said. โWeโre not afraid to embrace new tools and technologies that attract innovators and job creators.โ
LaRose also highlighted that his office processes hundreds of thousands of transactions annually and has seen growing demand for crypto payment options. โIโm excited that we can be the first to offer this to our customers,โ he added.
The announcement drew immediate reaction from Paul Grewal, CLO of Coinbase, who posted on X: โItโs happening. Government payments in Ohio today. Tomorrow everything on-chain.โ
Legislative Steps to Strengthen Blockchain
Cryptocurrency payments are only part of Ohioโs broader effort to integrate digital assets. In June, the House of Representatives introduced a blockchain foundations bill that:
๐น Prohibits local governments from restricting the use of cryptocurrencies
๐น Exempts crypto transactions under $200 from capital gains taxes
LaRose is also backing House Bill 18, which would establish a strategic cryptocurrency reserve for Ohio, funded by a portion of returns from state investments.
In his testimony, LaRose cited the Digital Asset Markets Working Group launched by President Donald Trump in January, designed to make the U.S. the โcrypto capital of the world.โ
Bitcoin Reserves in State Budgets
According to the Bitcoin Laws Tracker, 47 U.S. states have already introduced bills on strategic Bitcoin reserves (SBR), with roughly 26 states currently considering active proposals.
The most progress has been made in Arizona, Texas, and New Hampshire, while many other measures remain stuck in committees. In Michigan, the long-stalled House Bill 4087 on Bitcoin reserves advanced this week to the government operations committee after seven months of inactivity.
Ohio as a Digital Transformation Leader
The newly approved crypto payments demonstrate that Ohio is not standing on the sidelinesโit is actively finding ways to integrate digital assets into public finance. With political backing, legislative initiatives, and adoption of innovative technologies, Ohio is positioning itself to become one of the leading U.S. centers for blockchain and cryptocurrency.
#CryptoAdoption , #ohio , #blockchain , #CryptoRegulation , #CryptoMarkets
Stay one step ahead โ follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.โ
Political Support and a Vision for Digital Growth
The initiative was spearheaded by Secretary of State Frank LaRose and State Treasurer Robert Sprague, who since April have pushed for cryptocurrency payments. The proposal was unanimously approved in May, but only now received final confirmation with the vendorโs appointment.
โThereโs a reason we rank among the top five states for business,โ LaRose said. โWeโre not afraid to embrace new tools and technologies that attract innovators and job creators.โ
LaRose also highlighted that his office processes hundreds of thousands of transactions annually and has seen growing demand for crypto payment options. โIโm excited that we can be the first to offer this to our customers,โ he added.
The announcement drew immediate reaction from Paul Grewal, CLO of Coinbase, who posted on X: โItโs happening. Government payments in Ohio today. Tomorrow everything on-chain.โ
Legislative Steps to Strengthen Blockchain
Cryptocurrency payments are only part of Ohioโs broader effort to integrate digital assets. In June, the House of Representatives introduced a blockchain foundations bill that:
๐น Prohibits local governments from restricting the use of cryptocurrencies
๐น Exempts crypto transactions under $200 from capital gains taxes
LaRose is also backing House Bill 18, which would establish a strategic cryptocurrency reserve for Ohio, funded by a portion of returns from state investments.
In his testimony, LaRose cited the Digital Asset Markets Working Group launched by President Donald Trump in January, designed to make the U.S. the โcrypto capital of the world.โ
Bitcoin Reserves in State Budgets
According to the Bitcoin Laws Tracker, 47 U.S. states have already introduced bills on strategic Bitcoin reserves (SBR), with roughly 26 states currently considering active proposals.
The most progress has been made in Arizona, Texas, and New Hampshire, while many other measures remain stuck in committees. In Michigan, the long-stalled House Bill 4087 on Bitcoin reserves advanced this week to the government operations committee after seven months of inactivity.
Ohio as a Digital Transformation Leader
The newly approved crypto payments demonstrate that Ohio is not standing on the sidelinesโit is actively finding ways to integrate digital assets into public finance. With political backing, legislative initiatives, and adoption of innovative technologies, Ohio is positioning itself to become one of the leading U.S. centers for blockchain and cryptocurrency.
#CryptoAdoption , #ohio , #blockchain , #CryptoRegulation , #CryptoMarkets
Stay one step ahead โ follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.โ
Prices today, next week, next month, next year don't matter.
Think LongTerm !
5-10+ Years
#crypto #longterm #investing #BTC
#ohio
$BTC
$SOL
Think LongTerm !
5-10+ Years
#crypto #longterm #investing #BTC
#ohio
$BTC
$SOL
๐บ๐ธ BREAKING: Ohioโs โBitcoin Rightsโ Bill Passes Unanimously! ๐งพ๐ฅ
HB116 clears House Tech & Innovation Committee 13-0 โ
๐ก Protects self-custody
โ๏ธ Legalizes mining
๐ซ Exempts Bitcoiners from strict money transmitter rules
#Ohio #Bitcoin #CryptoNews
HB116 clears House Tech & Innovation Committee 13-0 โ
๐ก Protects self-custody
โ๏ธ Legalizes mining
๐ซ Exempts Bitcoiners from strict money transmitter rules
#Ohio #Bitcoin #CryptoNews
#Bitdeer 's New Bitcoin #Mining Facility in #ohio Caught on Fire _
A fire affected two buildings belonging to publicly traded Bitcoin miner Bitdeer in Massillon, Ohio on Tuesday.
"Disclaimer _ Source: Binance News / Coinmarketcap / Bitdegree / Coindesk / Cointelegraph / #Decrypt & do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
$BTC
A fire affected two buildings belonging to publicly traded Bitcoin miner Bitdeer in Massillon, Ohio on Tuesday.
"Disclaimer _ Source: Binance News / Coinmarketcap / Bitdegree / Coindesk / Cointelegraph / #Decrypt & do support by follow, like, comment, share, repost to reach maximum audience, more such informative content ahead"
$BTC
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