Ohio House of Representatives member Derek Merrin has introduced HB 703, a bill that aims to create a Bitcoin fund in the state treasury. This is the third state in the US to take such action in the last month. Merrin argued that the state treasurer should have the authority to invest in Bitcoin, noting that the US dollar is rapidly losing value. He emphasized that Ohio needs to protect its tax revenues by embracing the technology. The bill is expected to be used as a framework in Ohio’s next legislative session. We welcome your comments: Should Bitcoin have a place in state treasuries?