The House of Representative of Ohio passed a bill that would provide a raft of crypto protections and exempt crypto transactions below $ 200 from tax -increasing taxes.
State House lawmakers Vote 70-26 on Wednesday to pass House Bill 116, entitled the Ohio Blockchain Basics Act, which will now go to the state senate before reaching Governor Mike Dewine’s desk.
The bill passed the State Technology and Innovation Committee with Bipartisan support to a 13-0 vote earlier in the day.
The bill is primarily supported by Republican representative Steve Demetriou, who Says On Wednesday that the “two main focus” allows more easy crypto payment and “protecting the businesses of digital assets from government discrimination.”
🇺🇸 Only to: The ‘Bitcoin Rights’ Bill HB 116 of Ohio HB 116 passes the house by a 68-26 vote, followed by the Senate. pic.twitter.com/xrctxc3kci
– Cointelegraph (@cointelegraph) June 19, 2025
Many United States state lawmakers are considering —the passage Crypto billswith 40 out of 50 states in the US who introduced a total of more than 160 crypto -related charges, According to In the law monitoring of Bitcoin’s digital assets.
Bill to make $ 200 tax payments
The bill will exclude all crypto transactions under $ 200 from capital -acquired taxes, a figure that increases each year with inflation.
The limit $ 200 will be applied to the first year of tax when, or if, the bill is passed and raised in accordance with Consumer Price Indexrounded up to the nearest $ 5.
The bill will also prevent the state tax commissioner from reducing the limit after it has raised and banned the state government and state agencies from implementing policies that restrict residents to accept crypto as a form of payment.
Ohio wants to open crypto mining
The bill will also allow anyone to mine the crypto in a place that is a place for residence use, as long as they comply with local ordinances and regulations around the noise.
Crypto mining businesses that meet local regulations are also allowed to “operate in any area of ​​this state that is being used for industrial use,” the bill said.
The bill also aims to protect crypto mining operations, and said that the state should not enforce laws or policies that are specific to the crypto mining business “that also do not apply to other similar standing businesses.”
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It also tops the state from the rezoning land that will affect a crypto mining business “without going through the proper process of notice and comment,” and the remembered crypto miners can take any rezoning in court if they believe they are discrimination against.
Deregulate mining, staking, swaps, nodes and wallets
The Blockchain Basics Act also said that there is no license to send money for a host of actions that will help operate blockchains or do not involve the use of fiat currencies.
The bill says that no one needs a “only to engage” license in crypto mining, staking, running one blockchain node, exchange of cryptocurrency for another, or developing or deploying software that gives up to crypto swaps.
It also states that businesses providing mining or staking services are “not considered to be offering a security or investment contract,” that federal regulators under the Biden Administration The case argued when taking twelve -two crypto companies to court.
The bill also forbids the government and its agencies to make policies to stop or prevent the a hardware or purse that is self-hosted.
Ohio is also set to consider a bill that will create a “Ohio Bitcoin Reserve Fund,” which introduced in January and defined in financial institutions, insurance, and technology committees.
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