Ohio State Representative Derek Merrin has introduced House Bill 703, known as the Ohio Bitcoin Reserve Act. The bill would authorize the state treasurer to invest public funds in Bitcoin (BTC).
- Merrin positions Bitcoin as a strategic reserve asset against the devaluation of the US dollar. 💡
- The bill does not mandate Bitcoin purchases, but gives the treasurer flexibility to make such investments.
- Ohio joins states like Pennsylvania and Texas in Bitcoin reserve initiatives. 📈