Ohio backs tax-free Bitcoin for everyday use
Bitcoin payments under $200 are set to be exempt from state capital gains tax, making everyday crypto transactions simpler and more accessible.
Ohio has passed a new bill that would make small Bitcoin transactions tax-free, positioning the state at the forefront of crypto adoption efforts in the US. The Ohio Blockchain Basics Act exempts Bitcoin payments under $200 from state capital gains tax, easing everyday crypto use.
The bill received overwhelming bipartisan support in the House, passing with a 68–26 vote. In addition to the tax exemption, it reinforces the right to self-custody and run Bitcoin nodes, which are vital to maintaining decentralised networks.
Advocates, including the Satoshi Action Fund, have called it one of the most robust Bitcoin rights bills to date.
HB 116 will now move to the Ohio Senate, and if approved, will require final confirmation from the Governor. The strong backing in the House has increased expectations for it to become law soon.
Ohio’s move follows similar efforts in states like Texas and Florida, which are exploring Strategic Bitcoin Reserves. Lawmakers across the country are ramping up pro-Bitcoin initiatives, reflecting broader national momentum in support of cryptocurrency-friendly regulation.
Would you like to learn more about AI, tech and digital diplomacy? If so, ask our Diplo chatbot!
