Odaily Planet Daily News Ohio House Representative has proposed a bill to establish a Bitcoin fund in the state treasury, becoming the third state in the United States to propose such a bill in just over a month, following Pennsylvania and Texas. Ohio House Republican leader Derek Merrin introduced HB 703 on December 17, tentatively named the (Ohio Bitcoin Reserve Bill), which will grant the state treasurer the authority to purchase Bitcoin as part of an 'appropriate asset allocation.' Merrin stated in a declaration: 'The dollar is rapidly depreciating, and our state treasurer should have the power and flexibility to invest in Bitcoin when determining appropriate asset allocation; Ohio must embrace technology to protect tax revenue from erosion.' Yesterday, Satoshi Action Fund CEO Dennis Porter announced that the third state in the United States will officially launch 'Strategic Bitcoin Reserve' legislation this week.
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Ohio Lawmaker Proposes Bitcoin Reserve Bill
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