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Ohio State Representative Derek Merrin has introduced House Bill 703, the “Ohio Bitcoin Reserve Act,” which would allow the state treasury to invest in Bitcoin. This legislation aims to create a dedicated BTC fund, providing the State Treasurer with the authority to purchase and hold Bitcoin as a strategic reserve asset amid concerns over the devaluation of the US dollar. Ohio could become the third state to establish such a reserve, following Texas and Pennsylvania, as part of a growing trend among states to embrace Bitcoin for financial stability.
Andrew Burchwell
People
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Ohio Lawmaker Proposes Bitcoin Reserve Act to Strengthen State Finances
10:30 18.12.2024
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