Ohio Proposes Blockchain Infrastructure Bill to Foster Innovation

Ohio has proposed a blockchain infrastructure bill, House Bill 116, also known as the "Ohio Blockchain Infrastructure Act." Sponsored by Representative Demetriou, the bill aims to regulate digital asset mining, taxation, and the management of digital asset investments in the state's retirement systems.

The key provisions of the bill include:

• Prohibiting any fee, tax, or other charge on the use of digital assets for payment for goods and services.
• Protecting the rights of digital asset mining and custody.
• Exploring the possibility of the state retirement funds investing in digital asset ETFs.

The bill has now moved to the regular session of the 136th Ohio General Assembly (2025-2026) for further deliberation.

This proposed legislation is a significant step towards embracing blockchain technology and digital assets in Ohio. By prohibiting taxation on digital asset payments, the state aims to foster innovation and growth in the blockchain industry. Additionally, the bill's provisions for protecting digital asset mining and custody rights, as well as exploring investments in digital asset ETFs, demonstrate Ohio's commitment to supporting the development of the digital asset ecosystem.

As the bill progresses through the Ohio General Assembly, stakeholders in the blockchain and digital asset industries will be closely watching its developments. The outcome of this legislation could have a substantial impact on the growth and adoption of blockchain technology in the state and beyond.