Ohio, USA proposes a bill to establish a "Strategic Bitcoin Reserve."

ChainCatcher news, Satoshi Action Fund co-founder and CEO Dennis Porter disclosed on the X platform: Ohio House Majority Whip Steve Demetriou, along with six other lawmakers, proposed a bill that allows the state to establish a "strategic Bitcoin reserve."

The bill includes:

1. Allowing the state government to allocate 10% of the general fund, budget stabilization fund, and prize trust fund for Bitcoin investments.

2. Providing robust custodial solutions to ensure the state government uses self-custody or qualified custodians.

3. Being technology-neutral by using the term "digital assets" to reduce political resistance and protect the purchasing power of state funds from inflation erosion.

4. Only assets with a market capitalization of $750 billion that have sustained for an average of 12 months qualify for reserves, currently only Bitcoin meets this criterion.