VIVEK RAMASWAMY supports Ohio's new strategic bitcoin reserve bill

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Former presidential candidate VIVEK RAMASWAMY praised Ohio's new strategic encryption preparation bill as powerful and thoughtful.

The bill, which was introduced by Steve Demetriui, the state national team, and was known as a lower house bill 18, which was supported by six joint sponsors, is a state financial person in charge of 10, a general fund of the state, a budget stabilization fund, and a prize trust fund. Make sure you can invest %. For spare of digital assets including bitcoin.

Demetriui stated that this movement was necessary to protect the state funding due to inflation's erosion. Investing in digital assets such as bitcoin will diversify Ohio's possession and hedge against economic uncertainty.

“By allowing the options to invest in a strategic bitcoin reserve, you can oppose inflation and maintain Ohio at the forefront of currency and technological innovation,” Demetriu says in X: Masu.

Instead of explicitly mentioning “Bitcoin”, the new proposal law in Ohio has adopted the term “digital assets.” According to Dennis Porter, a CEO and co -founder of Satoshi Action Fund, this approach can maintain technical neutrality and avoid potential political friction.

The law has set strict criteria for cryptographic investment and demands that it is an exchange trade product with a average market capitalization of at least $ 750 billion in the last 12 months.

The current market capitalization is about $ 2 trillion, only bitcoin that meets this requirement. However, the language of the bill can be obtained if other digital assets reach this market capitalization value in the future.

“The average market capitalization of digital assets in the past 12 months is at least $ 750 billion, as it is determined by the state accounting clerk using commercially reasonable methods,” he said. 。

This bill sets strict requirements for safe custody solutions if the state chooses to hold digital assets directly. Alternatively, the state can use qualified custodians, such as banks and trust companies, or invest through regulated investment companies.

If it is passed, the bill indicates the main step that Ohio will adopt digital assets as a potential means of investment in the state funds and retirement systems.

This is the second attempt of Ohio in the Bitcoin Reserve Code, following the House of Representatives Leader Derek Merin, the leader of the Republican Republican Party last month, following the Bitcoin Reserve Code, following the House of Representatives bill 703 to establish the “Ohiobit Coin Reserve”. 。 According to Porters, as of January 23, 11 states are participating in Bitcoin Reservoas.

The latest state -level initiative came after President Donald Trump signed a cryptographic presidential order. This requires the development of a federal regulation framework for stable digital assets and the creation of a working group that is assigned to establish national digital assets. make a reservation.

Ramaswamy, who recently resigned as a joint head of the government efficiency (DOGE), will announce a bidding to Governor Ohio next week.

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