<ul data-eligibleForWebStory="true"><li>The Ohio House of Representatives passed House Bill 116, known as the 'Bitcoin Rights' bill, aiming to boost everyday crypto use and adoption.</li><li>The bill includes a $200 tax exemption on capital gains from crypto transactions to simplify small transaction reporting for Ohio residents.</li><li>Key highlights of the bill include clear legal rights for crypto holders, protection for self-custody, mining farm operation rights, and exemptions from certain regulations.</li><li>Government limitations under the bill include restrictions on interfering with digital asset payments, self-hosted wallets, and mining operations rezoning without proper notice.</li><li>The bill awaits approval from the Ohio Senate and Governor Mike DeWine before becoming law, with supporters optimistic about its success in promoting innovation and crypto-friendly regulations in Ohio.</li></ul>

Ohio House Passes Bitcoin Rights Bill With $200 Crypto Tax Exemption

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