Derek Merrin, leader of the Ohio House Republicans, has announced the creation of HB 703 to create the Ohio Bitcoin Reserve within the state treasury.
Merrin posted on X, “Provides state treasurer authority & flexibility to invest in #Bitcoin. This legislation creates the framework for Ohio’s state government to harness the power of Bitcoin to strengthen our state finances. As the US dollar undergoes devaluation, #Bitcoin provides a vehicle to supplement our state’s portfolio and preserve public funds from losing value.”
🚨Today, I filed HB 703 to create the Ohio Bitcoin Reserve within the state treasury!
Provides state treasurer authority & flexibility to invest in #Bitcoin
This legislation creates the framework for Ohio’s state government to harness the power of Bitcoin to strengthen our… pic.twitter.com/hSWas2qeQd
— Derek Merrin (@DerekMerrin) December 17, 2024