Okay, let’s be real. A $200 tax break? At first blush, that doesn’t sound like a revolution. You might be thinking, "Big deal, I spend more than that on coffee in a month." Before you dismiss Ohio's "Blockchain Basics Act" (HB 116) as just another piece of legislation lost in...
The Ohio House of Representatives just passed the Ohio Blockchain Basics Act (HB 116). This is a big move in the direction of providing a regulatory framework for digital assets with more clarity in the state. The bill, sponsored by Representative Steve Demetriou, seeks to protect industry participants, prevent restrictions...
Will Ohio really become the Silicon Valley of the Midwest? Or it is just throwing spaghetti at the wall with no rhyme or reason and hoping something sticks. The Ohio House just voted in favor of the “Ohio Blockchain Basics Act” (HB 116). This legislation would provide a $200 capital...
Whether this isn’t the type of regulatory experimentation Ohio wants to engage in remains to be seen. Most recently, it adopted a “de minimis” tax exemption for small crypto transactions below $200. Land use This move raises a question of whether it’s effective. Crypto adoption gimmick, or missed opportunity to...
