Ohio’s Plan to Hold Digital Coins in State Funds

The Ohio House is evaluating a new rule that would allow the state to hold a portion of its funds in digital assets. The proposal, known as the Ohio Strategic Reserve Act, remains a draft and has not yet become law. It is currently on the docket of the Technology and Innovation Committee after several meetings, with a final hearing slated for October 2025.

Key Provisions

• Investment Limit: The Treasurer of State could allocate up to 10 % of the fund at the time of investment into digital assets.
• Eligible Assets: Only well‑known, exchange‑traded products that meet a high market‑cap threshold—approximately $750 billion on average over the past year—are permissible.
• Separate Reserve: These assets would be held in a special reserve distinct from the regular state treasury.
• Retirement Plans: The bill permits state retirement plans to invest in similar exchange‑traded products, though the governing boards must continue to fulfill their standard responsibilities.

Legislative Status

• Introduced by Representative Steve Demetriou with numerous co‑sponsors.
• Has undergone multiple committee rounds but has not yet been voted on by the full House or Senate.
• No governor has signed it into law; it remains an idea until enacted.

Potential Impact

If adopted, Ohio would join a small group of states exploring official digital‑asset reserves. The actual effect will hinge on the final wording, available funds, and decision‑makers involved.

Disclaimer

The information in this summary comes from public records. Please verify against the latest legislative documents before using it for any legal or financial decisions.