On June 25, 2025, Ohio's legislative landscape reflects a growing interest in digital assets, coinciding with Bitcoin's price reaching $106,602.00 USD. This development highlights the state's proactive approach to integrating cryptocurrencies into its financial framework. The market saw a 1.514% increase from the previous close, with an intraday high of $106,703.00 USD. (Source: Bitcoin Price Index)
House Bill 116, introduced on February 24, 2025, addresses digital asset mining, taxation, and investments by state retirement systems. It has undergone multiple hearings in the House Technology and Innovation Committee, the latest being on May 6, 2025. The committee has yet to report the bill to the full House. (Source: Ohio House Bill 116 Status)
House Bill 18, introduced on January 23, 2025, proposes allowing the state treasurer to invest up to 10% of certain public funds in "high-capitalization" cryptocurrencies. The bill specifies that eligible assets must be exchange-traded products with an average market capitalization of at least $750 billion, making Bitcoin the primary candidate. As of June 25, 2025, the bill is in the House Technology and Innovation Committee. (Source: Ohio House Bill 18 Status)