Ohio Approves Crypto Payment Processor for State Fees, Embraces Digital Economy

Ohio has become the latest US state to formally integrate cryptocurrency into public ￰1￱ Takeaways: Ohio has approved a vendor to process crypto payments for state fees, including ￰2￱ move is part of a broader push, including a proposed Strategic Crypto Reserve and pro-crypto ￰3￱ joins 47 other states exploring Bitcoin reserve strategies, with several already advancing similar ￰4￱ Wednesday, the Ohio State Board of Deposit unanimously approved a vendor to process crypto payments, including Bitcoin, for official state fees and ￰5￱ decision follows a months-long effort led by Secretary of State Frank LaRose and Treasurer Robert Sprague, who initially proposed the measure in ￰6￱ Finalizes Crypto Payment Plan with Vendor Approval While the board had voted to authorize crypto payments back in May, final approval of the vendor had remained pending until this week.

“With hundreds of thousands of transactions going through my office each year, I want to commend the board for taking bold action to position us at the forefront of the emerging digital economy,” LaRose said on social media. Ohio’s move comes amid rising demand for crypto payment options, particularly for government-related transactions. “I’m excited and ready to be the first to provide it to our customers,” LaRose added. Coinbase’s Chief Legal Officer Paul Grewal responded to the news, tweeting, “It’s ￰7￱ payments in Ohio ￰8￱ onchain tomorrow.” It’s ￰9￱ payments in Ohio ￰10￱ onchain ￰11￱ you ser. ￰0￱ — ￰12￱ (@iampaulgrewal) September 24, 2025 The vendor approval is just one part of Ohio’s broader push into digital ￰13￱ June, lawmakers advanced the Ohio Blockchain Basics Act, which blocks local governments from restricting crypto use and exempts transactions under $200 from capital gains ￰14￱ also supports House Bill 18, a measure that would establish an Ohio Strategic Crypto Reserve, funded by a portion of the state’s investment ￰15￱ has publicly cited the work of President Donald Trump’s Working Group on Digital Asset Markets, which aims to establish the ￰16￱ the global leader in crypto ￰17￱ joins a growing number of states exploring Bitcoin reserve ￰18￱ to Bitcoin Laws, 47 states have introduced similar bills, with 26 still ￰19￱ like Arizona, Texas, and New Hampshire lead the charge, while others remain stalled in ￰20￱ Revives Bitcoin Reserve Bill Amid Growing Global Momentum Michigan has revived House Bill 4087 , which would allow up to 10% of state funds to be allocated into Bitcoin and other crypto ￰21￱ bill, introduced in February, cleared key hurdles and is now headed to the Government Operations ￰22￱ passed, Michigan would join states like Texas, New Hampshire, and Arizona in embracing Bitcoin as a strategic ￰23￱ move comes as more than 25 ￰24￱ explore similar proposals, and the ￰25￱ considers a federal study into the feasibility of a national Bitcoin ￰26￱ argue it could strengthen financial resilience, while critics warn the state may be buying near market ￰27￱ bill’s progress could increase pressure on neighboring states to act.

Globally, the momentum is also ￰28￱ has announced plans to launch a Strategic Bitcoin Reserve backed by 2,000 MW of energy for mining and AI ￰29￱ Philippines has introduced a bill for a long-term Bitcoin reserve, while El Salvador is diversifying by adding gold to its national holdings alongside Bitcoin.