TechFlow reports that on February 25, according to the latest legislative documents, the Ohio House of Representatives recently introduced House Bill 116 (HB 116), known as the "Ohio Blockchain Foundation Act." Proposed by Representative Demetriou, this bill aims to regulate digital asset mining, taxation, and the management of digital asset investments within state retirement systems.
Key provisions of the bill include: prohibiting the imposition of any fees, taxes, or charges on payments made using digital assets for goods and services; protecting rights related to digital asset mining and custody; and studying the possibility of state pension funds investing in digital asset ETFs. The bill has now entered the regular session of the 136th General Assembly (2025–2026) for consideration.
