Ohio State Representative Steve Demetriou is pushing for cryptocurrency adoption in the state. Following the unanimous passage of House Bill 116 by the Ohio House Innovation and Technology Committee, Demetriou outlined plans to prioritize cryptocurrency payment tax exemptions. According to Bitcoin News, Demetriou stated that the implementation of the state-level Bitcoin reserve plan (HB 116) will pave the way for tax exemptions on crypto payments. The bill also includes a tax exemption on capital gains from cryptocurrency transactions up to $200 annually. The long-term vision, according to Demetriou, is to eventually establish state-level Bitcoin reserves. This move would position Ohio as a forward-thinking state in embracing digital assets and potentially attracting innovation and investment. The passage of HB 116 marks a significant step towards wider cryptocurrency adoption and integration into Ohio's financial landscape. ```