Ohio State Representative Derek Merrin introduced the 'Ohio BTC Reserve Act'. The bill aims to establish a BTC fund and authorize state financial officials to purchase BTC as needed, to protect the fiscal stability of the state government using the potential of BTC, in response to the risks posed by the devaluation of the US dollar. (Background: Former New York Fed President: Establishing a BTC reserve in the US is not good for the government or those who do not hold BTC) Yesterday, US Ohio State Representative Derek Merrin introduced the 'Ohio BTC Reserve Act' (House Bill 703), which would allow the state treasury to establish a BTC fund and authorize state financial officials to purchase BTC, but not require them to do so. Representative Merrin stated: 'As the speed of US dollar depreciation accelerates, state financial officials should have sufficient authority and flexibility to include BTC in asset allocation to protect tax revenues. Ohio must embrace new technologies to avoid further devaluation of fiscal funds.' BTC Reserve in the State Merrin expects that with the upcoming Trump administration, there may be a push to establish a national BTC reserve, similar to the proposal by Republican Senator Cynthia Lummis from Wyoming, aimed at improving the US financial situation. Similar bills have also been proposed in Texas, Pennsylvania, and other states to establish state-level BTC reserves. Merrin emphasized: 'BTC is revolutionizing the global financial system and reshaping the world economy. We need a stable currency, and BTC is like digital property for every owner. This legislation provides the Ohio government with a framework to use BTC, helping to strengthen our state's financial situation.' Andrew Burchwell, Executive Director of the Ohio Blokchain Association, said: Governments around the world, including the US federal government, as well as states such as Texas, Pennsylvania, and Florida, are considering BTC as a strategic reserve asset. I commend Representative Merrin for proposing this legislation to ensure that Ohio remains at the forefront in innovation and technology. I look forward to collaborating with state legislatures in 2025 to ensure that Ohio can fully seize this opportunity. Merrin's related reports: US difficulty in establishing a BTC reserve! Expert: The Federal Reserve is currently losing $1 billion per week, and simply does not have the money to buy BTC. Former President of the New York Fed: Establishing a BTC reserve in the US is not good for the government or those who do not hold BTC. Trump nominates Benson to be the US Treasury Secretary, what is his position on Crypto Assets, and does he support a BTC reserve? 'Ohio State Representative proposes BTC Reserve Act: US dollar depreciation accelerates, needs BTC to protect tax revenue' was first published on BlockTempo, the most influential blockchain news media in the Blokchain sector.
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ABD Ohio temsilcisi BTC rezerv yasasını önerdi: Doların değer kaybı hızlandı, vergi gelirlerini korumak için BTC'ye ihtiyaç var.
Ohio State Representative Derek Merrin introduced the 'Ohio BTC Reserve Act'. The bill aims to establish a BTC fund and authorize state financial officials to purchase BTC as needed, to protect the fiscal stability of the state government using the potential of BTC, in response to the risks posed by the devaluation of the US dollar. (Background: Former New York Fed President: Establishing a BTC reserve in the US is not good for the government or those who do not hold BTC) Yesterday, US Ohio State Representative Derek Merrin introduced the 'Ohio BTC Reserve Act' (House Bill 703), which would allow the state treasury to establish a BTC fund and authorize state financial officials to purchase BTC, but not require them to do so. Representative Merrin stated: 'As the speed of US dollar depreciation accelerates, state financial officials should have sufficient authority and flexibility to include BTC in asset allocation to protect tax revenues. Ohio must embrace new technologies to avoid further devaluation of fiscal funds.' BTC Reserve in the State Merrin expects that with the upcoming Trump administration, there may be a push to establish a national BTC reserve, similar to the proposal by Republican Senator Cynthia Lummis from Wyoming, aimed at improving the US financial situation. Similar bills have also been proposed in Texas, Pennsylvania, and other states to establish state-level BTC reserves. Merrin emphasized: 'BTC is revolutionizing the global financial system and reshaping the world economy. We need a stable currency, and BTC is like digital property for every owner. This legislation provides the Ohio government with a framework to use BTC, helping to strengthen our state's financial situation.' Andrew Burchwell, Executive Director of the Ohio Blokchain Association, said: Governments around the world, including the US federal government, as well as states such as Texas, Pennsylvania, and Florida, are considering BTC as a strategic reserve asset. I commend Representative Merrin for proposing this legislation to ensure that Ohio remains at the forefront in innovation and technology. I look forward to collaborating with state legislatures in 2025 to ensure that Ohio can fully seize this opportunity. Merrin's related reports: US difficulty in establishing a BTC reserve! Expert: The Federal Reserve is currently losing $1 billion per week, and simply does not have the money to buy BTC. Former President of the New York Fed: Establishing a BTC reserve in the US is not good for the government or those who do not hold BTC. Trump nominates Benson to be the US Treasury Secretary, what is his position on Crypto Assets, and does he support a BTC reserve? 'Ohio State Representative proposes BTC Reserve Act: US dollar depreciation accelerates, needs BTC to protect tax revenue' was first published on BlockTempo, the most influential blockchain news media in the Blokchain sector.