Ohio Considers BTC Rights Bill, Eyes Bitcoin ETF for Pension Investments

IconCrypto News Terminal25 Apr, 2024

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Ohio Considers BTC Rights Bill, Eyes Bitcoin ETF for Pension Investments

Ohio is considering a bill that would protect the right of its citizens to use Bitcoin and other cryptocurrencies. The Ohio Blockchain Basic Law, introduced by Representative Steve Demetriou, aims to safeguard the financial freedom of Ohioans by preserving their right to transact, mine, and self-custody crypto. The bill also encourages the state's pension fund to explore the possibility of investing in a Bitcoin spot exchange-traded fund (ETF). If passed, Ohio could become one of the first states to recognize and protect the rights of cryptocurrency users. Previously on 25 April 2024, Ohio Representative Steve Demetriou introduced a bill in the state House that would protect the right of Ohioans to use Bitcoin and other cryptocurrencies as a peer-to-peer medium of exchange.

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