Update on Bitcoin Legislation in U.S. States
Legislative activity related to Bitcoin in the U.S. continues to show notable developments.
🔹 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.
🔹 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.
