Ohio proposes blockchain foundational legislation to prohibit taxation on payments for digital assets

ChainCatcher news, according to the latest legislative documents, the Ohio House of Representatives recently introduced Bill No. 116 (HB 116), known as the "Ohio Blockchain Basic Act." This bill was proposed by Representative Demetriou and aims to regulate digital asset mining, taxation, and the management of digital asset investments in the state retirement system.

The core contents of the bill include: prohibiting any fees, taxes, or other charges on the use of digital assets for the payment of goods and services; protecting the rights to digital asset mining and custody; and studying the feasibility of state retirement funds investing in digital asset ETFs. The bill has entered the review stage of the regular session of the 136th General Assembly (2025-2026).