Ohio, USA proposes a bill to establish a "Strategic Bitcoin Reserve."

2025-01-26 08:32:37

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ChainCatcher news, Satoshi Action Fund co-founder and CEO Dennis Porter disclosed on the X platform: Ohio House Majority Whip Steve Demetriou, along with six other lawmakers, proposed a bill that allows the state to establish a "strategic Bitcoin reserve."

The bill includes:

Allowing the state government to allocate 10% of the general fund, budget stabilization fund, and prize trust fund for Bitcoin investments.
Providing robust custodial solutions to ensure the state government uses self-custody or qualified custodians.
Being technology-neutral by using the term "digital assets" to reduce political resistance and protect the purchasing power of state funds from inflation erosion.
Only assets with a market capitalization of $750 billion that have sustained for an average of 12 months qualify for reserves, currently only Bitcoin meets this criterion.

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