Ohio has taken a big step toward crypto adoption by passing the Ohio Blockchain Basics Act (HB 116), a bill that exempts Bitcoin payments under $200 from state capital gains tax. The House Technology Committee approved the bill unanimously with a 68-26 vote, showing strong bipartisan support.
This new bill provides Ohio residents with a tax break on small, everyday Bitcoin transactions. It means you won’t need to track or report capital gains when spending Bitcoin under $200, removing one of the biggest barriers to using crypto for regular purchases.
The bill also supports the right to self-custody and run nodes, two core principles of decentralized finance. The Satoshi Action Fund called it one of the strongest Bitcoin rights bills ever passed.
HB 116 passed the House with strong bipartisan support and now heads to the Ohio Senate. If approved there, it will go to the Governor’s desk for final sign-off. Given the wide support, experts say the bill has a strong chance of becoming law soon.
Ohio’s move comes as Bitcoin bills gain momentum across the U.S. Several states, including Texas, Florida, and Montana, are working on plans to launch state-level Strategic Bitcoin Reserves. Even at the federal level, a new bill seeks to turn Donald Trump’s Executive Order into law.
Ohio now joins a growing list of U.S. states taking bold steps to embrace Bitcoin and make it easier to use in everyday life.
