Ohio Passes Bill to Boost Bitcoin and Cut Taxes

Ohio just gave Bitcoin a green light.

Lawmakers in the state House approved the Blockchain Basics Act. It’s designed to protect crypto users and give tax breaks.

This bill exempts crypto users from paying capital gains tax on transactions under $200. That means you can spend small amounts of Bitcoin without worrying about extra paperwork.

The law also protects crypto miners. If you’re mining from your house or running a mining business, local governments can’t just change the rules on you. They have to notify you and give you a chance to push back.

Using digital assets like Bitcoin for payments? That’s safe too. The law bans local or state governments from blocking their use or messing with self-hosted wallets.

If you’re into staking, running blockchain nodes, or swapping coins—this law shields you from strict money transmitter or investment rules.

The vote passed 68-26. Now it heads to the Ohio Senate. If signed, it’ll become law.

Rep. Steve Demetriou, who sponsored the bill, said it’s time for Ohio to embrace blockchain and the future economy.

Industry leaders, like Dennis Porter from the Satoshi Action Fund, called the bill “common sense” and praised the tax break.

Looks like Ohio’s ready to mine some innovation.