Ohio approves vendor to process digital asset payments for state fees and services

The Ohio State Board of Deposits, on Thursday, approved a vendor to facilitate the acceptance of cryptocurrency payments for state fees and ￰0￱ initiative comes as the state has pushed to integrate digital assets into public ￰1￱ approval stems from efforts by Ohio Secretary of State Frank LaRose and Ohio Treasurer Robert Sprague in April to push the state to allow crypto ￰2￱ noted that the Secretary of State’s office has one of the largest fee-for-service offices, processing nearly half a million payment transactions annually. Today, the State Board of Deposit unanimously approved a vendor to facilitate the acceptance of cryptocurrency payments for state fees and ￰3￱ hundreds of thousands of transactions going through my office each year, I want to commend the board for taking bold action… ￰4￱ — Frank LaRose (@FrankLaRose) September 24, 2025 Ohio sees high demand for a crypto payment option Ohio’s Secretary of State commended the board for taking action to position Ohio at the forefront of the emerging digital ￰5￱ also argued that the initiative is necessary since his office handles hundreds of thousands of transactions each ￰6￱ acknowledged that using digital assets is just another way to keep up with current financial ￰7￱ the board’s approval of a vendor contract, the proposal passed with a unanimous vote by the State Board of Deposit in May.

“There’s a reason why we now rank among the top five states in the nation to do business. It’s because we’re not afraid to embrace the tools, trends, and technologies that incentivize job creators to come here.” -Frank LaRose, Secretary of State for ￰8￱ revealed that the large number of transactions his office processes has pushed a growing demand for a cryptocurrency payment ￰9￱ said he’s excited and ready to be the first to provide it to the state’s ￰10￱ CLO, Paul Grewal, responded to the announcement by thanking LaRose for bringing government payments ￰11￱ also hinted that the state’s payments will be on-chain by Friday. Ohio’s House Bill 116 awaits approval from the Senate In June, the House of Representatives also established the Ohio Blockchain Basics Act, which prohibits state and local governments from restricting the use of cryptocurrencies as ￰12￱ legislation, signed into law by Governor Mike DeWine, also limits the government from interfering with individuals’ use of digital asset ￰13￱ House said the legislation will allow the state’s crypto asset holders to easily use their digital currencies to pay for goods and services in ￰14￱ to the report, the bill also prohibits local governments from imposing additional taxes or fees on individuals using digital assets for legal services and would exempt transactions under $200 from capital gains ￰15￱ Senate is yet to approve the House Bill 116, following a 70-26 vote in the ￰16￱ of the Satoshi Action Fund, Dennis Porter, stated that the legislation is a clear signal that lawmakers are championing innovation in ￰17￱ added that he was optimistic the momentum would carry forward in the ￰18￱ said he looks to see Ohio emerge as a national leader on Bitcoin and digital asset ￰19￱ Representative Steve Demetriou sponsored the legislation and said the state is ready to show the country that it’s ready to embrace the future of the U.

S. economy, blockchain technology, and digital ￰20￱ government official also claimed that Ohio will become the first state to create a common-sense regulatory framework for the crypto industry once the bill gets ￰21￱ supports the Ohio Blockchain Basics Act, which would establish a state Strategic Crypto Reserve funded by portions of Ohio’s investment ￰22￱ revealed in May that the Treasurer would invest the fund in bonds, crypto exchange-traded products, or digital assets with a market cap of at least $750 billion over the previous ￰23￱ state’s official also cited President Donald Trump’s Working Group on Digital Asset Markets, established after his inauguration to make America the crypto capital of the ￰24￱ the time of publication, 47 states have introduced Strategic Bitcoin Reserve (SBR) ￰25￱ Bitcoin Laws register shows that 26 states currently have proposals under ￰26￱ like Arizona, Florida, California, Texas, and Wyoming are also considering new crypto ￰27￱ Bybit now and claim a $50 bonus in minutes