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Ohio State Representative Derek Merrin has introduced a groundbreaking bill known as the Ohio Bitcoin Reserves Act. This legislative framework would grant the state treasury the authority to invest in Bitcoin (BTC) as part of the state’s financial reserves.
With this proposal, Ohio seeks to position itself as a leader in Cryptocurrency adoption and prepare its economy for the digital future.
A legal framework for Bitcoin as a financial reserve
The main objective of the initiative is to establish a legal framework that allows the state to consider Bitcoin as a strategic asset in its reserves.
Merrin highlighted the importance of the measure in an economic context in which, in his words, “the US dollar is being rapidly devalued. Our state treasurer should have the authority and flexibility to invest in Bitcoin by determining appropriate asset allocation. “Ohio must embrace technology and protect taxpayer dollars from erosion.”
The United States moves towards Bitcoin reserves
This is not an isolated move. Similar bills are already underway in Texas and Pennsylvania, reflecting growing interest by state governments in including bitcoin as part of their financial tools.
In this sense, Andrew Burchwell, Executive Director of the Ohio Blockchain Council, expressed his enthusiasm for the proposal. «Governments around the world are considering investment in Bitcoin as a strategic reserve asset. “I look forward to working with the legislature in 2025 to ensure Ohio makes the most of this opportunity,” he said.
Potential impact of the Bitcoin reserve law in other states
If Ohio’s Bitcoin reserve bill manages to pass, it could serve as an inspiration and model for other states interested in exploring the potential of cryptocurrencies. This legislation could mark a turning point in the way local governments manage their assets, adopting innovative technologies to protect and strengthen their economies.
Towards a new era of institutional adoption
In addition to positioning Ohio as a leader in financial innovation, this measure could catalyze a new era of institutional adoption for Bitcoin in the United States, demonstrating that the cryptocurrency is not only seen as a private investment, but as a strategic resource for investors. governments.
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