#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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The Ohio Bitcoin Rights Bill was unanimously passed by the committee.
The Ohio House of Representatives Technology and Innovation Committee has unanimously passed Bill HB 116, also known as the "Bitcoin Rights Bill," aimed at protecting the rights to self-custody of digital assets, operate nodes, and crypto mining. The bill, proposed by Representative Steve Demetriou, received bipartisan support and will be brought before the full House for a vote.
HB 116 also proposes a $200 tax exemption on profits from digital asset transactions, making it easier for retail users to use cryptocurrency in their daily lives without tax hassles. The goal of the bill is to attract blockchain businesses and promote Ohio as a digital asset technology hub.
However, some opinions are concerned that the law may create regulatory loopholes and conflict with environmental goals or consumer protection.