Crypto Game
  • Advertise
  • Submit a Press Release
  • Contact Us
Blockchain & Cryptocurrencies Tabloid
  • Finance & Blockchain News
  • Bitcoin News

    U.S. Treasury Acknowledges Bitcoin as “Emerging Store of Value.”

    US Treasury Classifies Bitcoin as “Store of Value”

    U.S. Treasury Defines Bitcoin as Emerging Store of Value

    US Treasury Recognizes Bitcoin as “Store of Value”

    US Treasury Secretary Declares Bitcoin a ‘Store of Value’

    Treasury Secretary Declares Bitcoin an Emerging Store of Value

  • Altcoin News
    • All
    • Bitcoin Cash
    • Cardano
    • EOS
    • Ethereum
    • Litecoin
    • Monero
    • Ripple
    • Stellar

    Top Crypto Projects Launched by FDV in July 2025

    The Ether Machine’s 15,000 ETH Purchase Claims Lack Confirmation

    Ether Machine Purchases 15,000 ETH, Boosts Ethereum Holdings

    Ethereum Targets $5,400 Amid Growing Institutional Interest

    SEC’s New Policy Signals XRP ETF Approval Potential

    VanEck Predicts Solana Could Reach $3,000 by 2030

    Trending Tags

    • Ethereum
    • Bitcoin Cash
    • Litecoin
    • Monero
    • Ripple
  • Crypto 101
    • All
    • Cryptocurrencies
    • Exchanges
    • Services
    • Wallets
    Benefits Of Choosing the Right AI Trading Bot

    4 Benefits Of Choosing the Right AI Trading Bot

    Crypto Trading

    A Beginner’s Guide to Crypto Trading: Unlocking the World of Digital Coins

    BitcoinGames.com

    BitcoinGames.com Introduces the Ultimate Casino Gaming Experience with Bitcoin

    How AI is Helping Athletes and Fans Get the Most out of the Game

    From Training to Judging, AI is Entering the Ring

    Top 5 Websites for Buying Gift Cards with Crypto

    Clutch Savours – Gift Certificates You Can Buy with Crypto

    Layer 2 Blockchains

    Everything You Need To Know About Layer 2 Blockchains

  • Blockchain Events
No Result
View All Result
Blockchain & Cryptocurrencies Tabloid
No Result
View All Result

Ohio House Passes Bitcoin Rights Bill on Tax Exemption

Solomon M. by Solomon M.
June 19, 2025
in Bitcoin News
Key Points:
  • Ohio exempts crypto transactions under $200 from taxes.
  • Bipartisan approval with 13-0 committee vote.
  • Potential increase in Bitcoin’s daily use in Ohio.
ohio-house-of-representatives-passes-house-bill-116
Ohio House of Representatives Passes House Bill 116

This legislative move could pioneer wider crypto tax policies across the U.S., potentially easing the tax burden on small cryptocurrency transactions and promoting daily crypto usage.

The Ohio House’s decision marks a pivotal milestone in cryptocurrency legislation. Republican Representative Steve Demetriou, known for supporting technology, led the initiative with bipartisan support. “Ohio is laying the foundation to support new technologies and provide Ohioans with greater financial control.” By exempting transactions under $200, Ohio seeks to increase financial autonomy for its residents. These changes are expected to spur growth in the state’s crypto sector.

The bill’s passage is anticipated to impact users, businesses, and the crypto market in Ohio. While some believe it could lead to higher adoption rates, the immediate market effect remains minimal. The absence of any new state funding or grants underscores the bill’s regulatory focus rather than financial commitment. Nonetheless, this state-level reform sets a substantial precedent for other U.S. states to follow.

The long-term outcome might include broader acceptance and smoother crypto payments. Despite the potential for wider crypto usage, short-term effects may remain subdued. Historical examples from other countries show modest initial impacts on crypto adoption, paralleling Ohio’s current path.

The Ohio legislation could serve as a template for other states looking to reform their crypto tax policies. Yet, unresolved federal tax laws continue to regulate crypto transactions, posing challenges. For businesses and investors, such a regulation offers promising growth avenues, although it requires monitoring regulatory shifts closely. Ohio’s move could catalyze discussions for nationwide digital asset legislation in the future.

Disclaimer:

The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.

Previous Post

ETH Holds Support, ARB Jumps 12% & BlockDAG Confirms 20 CEX Listings

Next Post

Ohio House Passes Bitcoin Tax Exemption Bill

Solomon M.

Solomon M.

Related Posts

U.S. Treasury Acknowledges Bitcoin as “Emerging Store of Value.”

by Solomon M.
July 31, 2025

U.S. Treasury Secretary Scott Bessent labels Bitcoin as "emerging store of value" akin to gold.

US Treasury Classifies Bitcoin as “Store of Value”

by Solomon M.
July 31, 2025

US Treasury Secretary Scott Bessent recognizes Bitcoin as an emerging store of value, enhancing its role in institutional discussions.

U.S. Treasury Defines Bitcoin as Emerging Store of Value

by Solomon M.
July 31, 2025

U.S. Treasury's Scott Bessent acknowledges Bitcoin as an emerging store of value, likening it to gold.

US Treasury Recognizes Bitcoin as “Store of Value”

by Joshua T.
July 31, 2025

US Treasury Secretary Scott Bessent officially acknowledges Bitcoin as an "emerging store of value," likening it to gold, signaling a...

US Treasury Secretary Declares Bitcoin a ‘Store of Value’

by Solomon M.
July 31, 2025

US Treasury Secretary Scott Bessent acknowledges Bitcoin as a 'store of value,' likening it to gold.

Treasury Secretary Declares Bitcoin an Emerging Store of Value

by Solomon M.
July 31, 2025

U.S. Treasury Secretary Scott Bessent declares Bitcoin an "emerging store of value," comparing it to gold.

We Recommend

Top Rated Casinos
Bitstarz Casino

BitcoinCasino.io
Top Crypto Betting
1xBit.com
Top Rated Exchanges
Binance Exchange

Bityard.com
Top Advertising Services
Coinzilla Display Network
Top Crypto Wallets
Ledger Nano X

  • Terms and Conditions
  • Privacy Policy
  • Advertise
  • About Us
  • Contact Us

© 2018-2019 theccpress.com by Brantell Media.

No Result
View All Result
  • Finance & Blockchain News
  • Bitcoin News
  • Altcoin News
  • Crypto 101
  • Blockchain Events

© 2018 - 2019 theccpress.com, a Brantell Media project.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.