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OH HB18
Bill
Status
Introduced
1/23/2025
Primary Sponsor
Steve Demetriou
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AI Summary
- Treasurer of State may invest interim funds from the general revenue fund, budget stabilization fund, and deferred prizes trust fund in digital assets, limited to 10% of each fund's balance
- Digital asset investments restricted to exchange-traded products with an average market capitalization of at least $750 billion over the preceding 12 months
- Digital assets must be held through a secure custody solution, qualified custodian, or registered exchange-traded product, with detailed security requirements for private key management
- State retirement systems (PERS, Police & Fire, Teachers, School Employees, Highway Patrol) are prohibited from making investment decisions primarily to influence social, environmental, or corporate governance policies
- Retirement systems are explicitly permitted to invest in exchange-traded products that include digital assets
Legislative Description
Enact the Ohio Strategic Cryptocurrency Reserve Act
Commerce
Last Action
Referred to committee: Technology and Innovation
1/28/2025
Committee Referrals
Technology and Innovation1/28/2025
Full Bill Text
No bill text available