The state of Ohio has introduced a new bill aiming to establish a “Strategic Cryptocurrency Reserve” funded by public money. This initiative would allow residents to pay taxes and fees using cryptocurrencies and could also enable the state to invest in digital assets directly.
While proponents highlight the potential for increased crypto adoption and innovative public finance management, critics—including the Speaker of the Ohio House of Representatives—warn that the plan carries significant risks. They describe the proposal as “highly speculative” and caution that it could expose taxpayers to unnecessary financial volatility.
The bill has sparked debate among policymakers and the crypto community, raising questions about the role of government in digital asset markets and the potential for state-backed crypto investment strategies.
