Ohio Lawmakers Propose Strategic Bitcoin Reserve Bill to Recognize Bitcoin as State Asset, Supported by Vivek Ramaswamy

Jan 25, 2025, 05:24 PM

Ohio lawmakers are advancing a proposal to establish a strategic Bitcoin reserve, marking a notable shift in the state's financial strategy. The bill aims to recognize Bitcoin as a state asset, reflecting a growing trend of institutional acceptance of cryptocurrency at the state level. Vivek Ramaswamy, a prominent supporter of the initiative, described the bill as 'thoughtful and powerful,' emphasizing its potential to hedge against inflation and promote innovation. The proposal has garnered attention for its forward-thinking approach to incorporating Bitcoin into state financial frameworks.