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.

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