Ohio's strategic crypto reserve bill, known as House Bill No. 18, has been praised by former presidential candidate Vivek Ramaswamy. The bill, introduced by State Representative Steve Demetriou, would allow the state treasurer to invest up to 10% of the state's funds into a reserve of digital assets, including Bitcoin. The move aims to protect the state's funds from inflation and economic uncertainty. The bill uses the term "digital asset" instead of explicitly mentioning Bitcoin to maintain technological neutrality. The legislation sets criteria for crypto investments, with Bitcoin currently meeting the requirements. The bill also outlines requirements for secure custody solutions. If passed, this bill would be a significant step for Ohio in embracing digital assets as investment vehicles for state funds and retirement systems.



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