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Ohio’s House of Representatives has passed the Blockchain Basics Act, introducing a $200 tax exemption for crypto gains and safeguarding mining operations. The bill now moves to the Senate, marking a significant step in state-level crypto regulation.
- The bill exempts crypto transactions under $200 from capital gains taxes and protects residential/industrial mining from discriminatory zoning.
- It bars state and local governments from restricting self-hosted wallets or digital asset payments, reinforcing user autonomy.
- Ohio joins a growing list of states (e.g., Kentucky, Texas) advancing pro-crypto laws, signaling a shift toward clearer regulatory frameworks.
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