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Ohio Moves to Allow Cryptocurrency for State Taxes

10/17/2025

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Story summary
  • Ohio Republicans are advancing legislation to have residents pay state taxes with cryptocurrency, supported by Ohio Treasurer Robert Sprague.
  • Senate Bill 57 would establish a Bitcoin reserve fund.
  • House Bill 116 would authorize cryptocurrency payments.
  • Some lawmakers warn about volatility and fraud and question prioritizing cryptocurrency over other issues.
  • Sprague, a candidate for secretary of state, plans to accept cryptocurrency for campaign contributions with reporting requirements.