Ohio’s Plan to Hold Digital Coins in State Funds

"The Ohio House is considering a new rule that would let the state keep some digital money in its bank. The idea, called the Ohio Strategic Reserve Act, is still only a draft and has not become law. It sits in the Technology and Innovation Committee after several meetings, with a final hearing scheduled for October 2025. If the bill passes, the Treasurer of State could put a small part of state money into digital assets. The plan limits this to 10 % of the fund at the time of investment. Only big, well‑known products that trade on exchanges can be used, and they must meet a high market‑cap requirement of about $750 billion on average over the last year. The Treasurer would keep these assets in a special reserve that is separate from the regular state treasury. The bill also says the state’s retirement plans can invest in similar exchange‑traded products, but the boards that run those plans still have to follow their normal duties.The bill was first introduced by Representative Steve Demetriou and has many co‑sponsors. It has gone through several committee rounds but has never been voted on by the full House or Senate, and no governor has signed it. Until a final version is approved and enacted, the act remains just an idea. If Ohio adopts this plan, it would join a handful of states that are thinking about official digital‑asset reserves. The real impact will depend on the final wording, how much money is available, and who makes the investment choices. The information in this summary comes from public records and should be double‑checked against the latest legislative documents before being used for any legal or financial decisions. "