Ohio Lawmakers Aim to Foster Crypto Growth with New Tax Protection Bill

Ohio lawmakers have introduced a groundbreaking bill aimed at promoting crypto adoption within the state’s financial ecosystem. House Bill 116, introduced by Representative Steve Demetriou and supported by multiple co-sponsors, seeks to shield digital asset transactions from additional taxes beyond those applied to traditional currency. This legislation seeks to prevent the imposition of extra fees or levies on cryptocurrency transactions while maintaining existing sales tax obligations.