Ohio House Passes ‘Bitcoin Rights’ Bill with $200 Tax Exemption for Crypto Users
The Ohio House of Representatives has officially passed House Bill 116, also known as the “Bitcoin Rights” bill, marking a major step forward for crypto-friendly legislation in the state.
The bill received unanimous approval (13-0) from the House Technology and Innovation Committee and now heads to the Ohio Senate for final consideration.
Key Provision: $200 Capital Gains Tax Exemption
At the heart of the bill is a $200 state-level capital gains tax exemption for cryptocurrency transactions. Known as the “de minimis” exemption, this provision aims to eliminate the need for Ohio residents to report small capital gains from minor crypto purchases—such as buying coffee, tipping online, or making micro-payments.
By removing this administrative burden, the legislation is expected to encourage everyday crypto use and remove a key barrier to adoption.
Boosting Bitcoin Utility Across Ohio
Supporters argue that the measure will make digital assets more practical in daily life, reducing friction for both consumers and businesses. By aligning Ohio’s tax treatment of small crypto transactions with the reality of modern digital commerce, the bill could set a precedent for other states seeking to integrate Bitcoin and other cryptocurrencies into their economies.
If passed by the Senate and signed into law, Ohio would become one of the first U.S. states to implement a de minimis exemption for crypto, providing regulatory clarity and practical tax relief to its residents.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
