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Ohio proposes bill to create state Bitcoin reserve for public funds

Ohio Representative Derek Merrin has introduced House Bill 703, the Ohio Bitcoin Reserve Act, allowing the state treasury to invest in Bitcoin to protect public funds from devaluation. The bill grants the State Treasurer discretionary power for investments but does not mandate specific allocations. This initiative aligns with similar proposals in Pennsylvania and Texas, as states explore Bitcoin reserves to bolster financial stability.
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United States Dollar Apple Inc. USA Giovanni Capriglione Niraj Antani Derek Merrin Cynthia Lummis Donald Trump Mike Cabell Show more
Finance & Economy, News Article
02:27 18.12.2024
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