- Ohio passes bill to exempt crypto purchases under $200 from capital gains taxes
- Local governments won’t be allowed to add extra fees on crypto use
- Real progress toward making Bitcoin and crypto usable in daily life
- Ohio joins other states competing for crypto innovation
- If the Senate approves, it could set a national trend
Ohio just did something most crypto users have been waiting for.
With the House passing the Blockchain Basics Act (HB 116), the state might soon exempt crypto transactions under $200 from capital gains tax.
This sounds simple—but for anyone who’s ever thought twice before buying coffee with Bitcoin, it’s huge.
What’s Really Happening
This bill removes friction.
No more complex tax events for small everyday transactions. It also blocks local governments from slapping on extra taxes for legal crypto use. In short, it gives clarity—and clarity breeds adoption.
Ohio isn’t doing this just for fun. It wants a seat at the crypto table. And it’s not alone—states like Texas and Wyoming are playing the same game.
Why This Matters
Crypto doesn’t go mainstream through ETFs or hype. It goes mainstream when using it is actually practical. This bill is a small step with a big ripple effect.
