Ohio Makes Crypto History: House Approves Bitcoin Rights Bill with $200 Tax Break
Ohio just fired a warning shot across the bow of traditional finance.
The Buckeye State's House passed landmark legislation recognizing Bitcoin as a protected asset class—with a sweetener that'll make crypto traders cheer. Buried in the bill? A juicy $200 tax exemption on digital currency transactions.
Crypto's Quiet Revolution
While Wall Street hedgies fret about regulation, Ohio's playing offense. The bill creates legal safeguards for Bitcoin holders while subtly undermining the IRS's grip on crypto taxation.
The $200 Loophole
That exemption amount wasn't random—it's a calculated middle finger to legacy financial systems. Small enough to avoid scrutiny, big enough to matter for everyday adopters. (Take that, capital gains tax!)
As banks keep lobbying against crypto, states are rewriting the rules. Ohio's move proves decentralization isn't just happening on blockchain—it's spreading through legislatures. And frankly? The old guard should be terrified.
The Ohio House of Representatives has passed, widely known as the. Approved unanimously by the House Technology and Innovation Committee with a, the bill is now heading to the Senate for final approval.
Ohio Approves $200 Capital Gains Tax Exemption for Bitcoin Users
House Bill 116 introduces aat the state level. Referred to as the, this measure is aimed at relieving Ohio residents from tracking and reporting taxes on small crypto transactions—like everyday purchases and tips.
The MOVE is expected toacross the state byin daily life.
Key Highlights of Ohio’s Bitcoin Rights Bill
In addition to the tax exemption, the bill introduces several rights and protections for cryptocurrency users and businesses:
- Clear legal framework for Bitcoin and other digital asset holders
- Protection for self-custody of crypto assets
- Right to operate mining farms and blockchain nodes
- Exempts activities like mining, staking, and node operations from being classified under money transmitter, securities, or investment laws
These measures are designed toin the blockchain and crypto space by reducing regulatory uncertainty.
The Ohio House has passed a bill granting tax exemptions for #Bitcoin payments under $200.#CoinPedia #CryptoNews #Blockchain #CryptoMarket pic.twitter.com/EX7EBm3eRg
— Coinpedia (@CoinpediaNews) June 19, 2025Government Limitations Under the Ohio Bitcoin Bill
If the bill becomes law, thewill:
- Ban state and local governments from restricting the use of digital assets as payment
- Prohibit interference with self-hosted wallets
- Prevent rezoning of mining operations without proper notice
Representative, a key supporter of the bill, stated:
“Once we pass this bill, we’ll become one of the first states in the country to create a common-sense regulatory framework for these cutting-edge technologies and industries.”
What’s Next for the Bitcoin Bill?
The bill now heads to thefor approval. If it passes there, it will be sent tofor final signature into law.Supporters believe the bill has athanks to its focus on innovation, individual rights, and clear regulatory guidance—making Ohio a potential.The Ohio House of Representatives has passed, widely known as the. Approved unanimously by the House Technology and Innovation Committee with a, the bill is now heading to the Senate for final approval.
Ohio Approves $200 Capital Gains Tax Exemption for Bitcoin Users
House Bill 116 introduces aat the state level. Referred to as the, this measure is aimed at relieving Ohio residents from tracking and reporting taxes on small crypto transactions—like everyday purchases and tips.
The move is expected toacross the state byin daily life.
Key Highlights of Ohio’s Bitcoin Rights Bill
In addition to the tax exemption, the bill introduces several rights and protections for cryptocurrency users and businesses:
- Clear legal framework for Bitcoin and other digital asset holders
- Protection for self-custody of crypto assets
- Right to operate mining farms and blockchain nodes
- Exempts activities like mining, staking, and node operations from being classified under money transmitter, securities, or investment laws
These measures are designed toin the blockchain and crypto space by reducing regulatory uncertainty.
Government Limitations Under the Ohio Bitcoin Bill
If the bill becomes law, thewill:
- Ban state and local governments from restricting the use of digital assets as payment
- Prohibit interference with self-hosted wallets
- Prevent rezoning of mining operations without proper notice
Representative, a key supporter of the bill, stated:
“Once we pass this bill, we’ll become one of the first states in the country to create a common-sense regulatory framework for these cutting-edge technologies and industries.”
What’s Next for the Bitcoin Bill?
The bill now heads to thefor approval. If it passes there, it will be sent tofor final signature into law.Supporters believe the bill has athanks to its focus on innovation, individual rights, and clear regulatory guidance—making Ohio a potential.
