TechFlow reports that on January 26, Dennis Porter, co-founder and CEO of Satoshi Action Fund, disclosed on X that Steve Demetriou, Majority Floor Leader of the Ohio House of Representatives, has joined six other lawmakers in introducing a bill to allow the state to establish a "strategic Bitcoin reserve."
The bill includes the following provisions:
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Allows the state government to allocate up to 10% of its general fund, budget stabilization fund, and prizes trust fund for Bitcoin investment.
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Provides robust custody solutions, requiring the state to use self-custody or qualified custodians.
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Remains technology-neutral by using the term "digital assets" to reduce political resistance and protect the purchasing power of state funds against inflation.
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Specifies that only assets with a market capitalization of at least $750 billion sustained over an average period of 12 months are eligible for inclusion in the reserve—currently, only Bitcoin qualifies.
