‘Buy a Coffee With Crypto’: Ohio Bill With $200 Tax Break Advances to Senate
- Ohio’s HB 116 offers tax exemption on Bitcoin payments under $200 and mining protections.
- Ohio pursues Strategic Bitcoin Reserve bills, following Arizona and New Hampshire models.
- Multiple U.S. states and countries move to establish Bitcoin reserves and legal frameworks.
The Ohio House of Representatives has passed a landmark “Bitcoin Rights” bill with significant bipartisan support, a move aimed at establishing the state as a premier destination for the cryptocurrency industry. The legislation, known as House Bill 116, creates a framework to encourage the everyday use of Bitcoin through a key tax exemption while also codifying legal protections for the network’s core participants.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) June 18, 2025Ohio bill that would exempt taxes on Bitcoin payments under $200 PASSES the House. pic.twitter.com/h8TvNFbGar
The bill’s passage signals a deliberate strategy by Ohio lawmakers to compete for investment and talent in the digital asset economy, placing the state at the forefront of a national trend in crypto-focused legislation.
A ‘De Minimis’ Exemption to Drive Adoption
A central provision of the bill is a “d…
The post ‘Buy a Coffee With Crypto’: Ohio Bill With $200 Tax Break Advances to Senate appeared first on Coin Edition.
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‘Buy a Coffee With Crypto’: Ohio Bill With $200 Tax Break Advances to Senate
- Ohio’s HB 116 offers tax exemption on Bitcoin payments under $200 and mining protections.
- Ohio pursues Strategic Bitcoin Reserve bills, following Arizona and New Hampshire models.
- Multiple U.S. states and countries move to establish Bitcoin reserves and legal frameworks.
The Ohio House of Representatives has passed a landmark “Bitcoin Rights” bill with significant bipartisan support, a move aimed at establishing the state as a premier destination for the cryptocurrency industry. The legislation, known as House Bill 116, creates a framework to encourage the everyday use of Bitcoin through a key tax exemption while also codifying legal protections for the network’s core participants.
JUST IN:
— Bitcoin Magazine (@BitcoinMagazine) June 18, 2025
The bill’s passage signals a deliberate strategy by Ohio lawmakers to compete for investment and talent in the digital asset economy, placing the state at the forefront of a national trend in crypto-focused legislation.
A ‘De Minimis’ Exemption to Drive Adoption
A central provision of the bill is a “d…
The post ‘Buy a Coffee With Crypto’: Ohio Bill With $200 Tax Break Advances to Senate appeared first on Coin Edition.
Read More
July 14th EU Tariff Decision Looms, Weighing Retaliation Against Recession Fears