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Ohio becomes latest state to propose Bitcoin treasury to protect funds from US dollar devaluation

  • Ohio lawmaker Derek Merrin introduced a bill to establish a Strategic Bitcoin Reserve within the state treasury.
  • The Ohio Bitcoin Reserve Act aims to allow the state treasurer to invest in Bitcoin as a strategic asset.
  • Ohio will be one of the first states to adopt a Bitcoin reserve at the state level.
  • The proposed legislation aims to safeguard public funds against US dollar devaluation and strengthen Ohio's financial strategy.

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