Ohio Pushes Ahead with Bitcoin Reserve Fund Legislation

Quick Summary:

Ohio is advancing a proposal to establish a “Bitcoin Reserve Fund.” Senator Sandra O’Brien introduced Senate Bill 57, which aims to authorize the state treasurer to invest public funds exclusively in Bitcoin (BTC).

She referenced former President Donald Trump’s recent executive order, which created a working group to evaluate a potential national digital asset reserve.

Any received cryptocurrency will be converted into Bitcoin and stored in the reserve.

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Article Details

Author / Journalist: Zayan

Category: Crypto

Markets: United Arab EmiratesEl Salvador

Topics: Bitcoin reserve Market News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 10:17:34 (14 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 378 words

Reading Time: 3 minutes read

Sentences: 31 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 25909693

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 33 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 11 hours ago

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