Ohio’s treasurer and secretary of state want state agencies to start taking Bitcoin and other cryptocurrencies for certain fees and services, such as the one to form a business, they said.
At the same time, though, Republican Treasurer Robert Sprague said he is not sold on a bill suggesting he invest taxpayer dollars in digital currencies, colloquially known as cryptocurrencies or just crypto.
“We don’t want to be on the bleeding edge of things, but we want to be on the leading edge of things,” Sprague said Thursday at a news conference.
Introduced by Rep. Steve Demetriou (R-Bainbridge Twp.), House Bill 18 would enable Sprague, or a future treasurer, to invest as much as 10% of state funds from interim sources—like those in the General Revenue Fund and the State Lottery Gross Revenue Fund—in digital assets, including crypto and nonfungible tokens.
For one, Sprague said Thursday there…
