news 
Ohio State Bitcoin Reserve: Steve Demetriou’s Bold Plan for Digital Finance
Ohio State Representative Steve Demetriou has unveiled a revolutionary plan to transform Columbus into a major Bitcoin reserve hub, marking a bold step in the world of digital finance. The innovative proposal aims to boost crypto adoption, attract businesses, and channel more investments towards the Midwest.
Demetriou’s vision aligns with the growing trend among U.S. states, as 28 states have proposed similar Bitcoin reserve plans, with 18 actively moving through legislative stages. Ohio’s initiative could set a precedent for other states, paving the way for broader adoption of Bitcoin in public treasury strategies.
The plan allows the state to invest up to 10% of its unused funds in Bitcoin, with the goal of strengthening Ohio’s financial future and bringing innovation to public treasury management. This decision is not just about diversification; it’s about positioning Ohio as a crypto-friendly state ready to embrace financial innovation.
Ohio State Representative Steve Demetriou is leading this effort, advocating for the adoption of cryptocurrencies to put Ohio on the map as a hub for digital finance.
Source: https://coinpedia.org/news/ohio-state-bitcoin-reserve-steve-demetrious-bold-plan-for-digital-finance/
