Ohio senator re-introduces failed crypto tax plan | Protos
Ohio state senator Niraj Antani has proposed a bill that would allow residents and businesses to pay taxes using cryptocurrencies. Bitcoiners immediately rejoiced, reposting the news to thousands of likes and over 100,000 views. While the proposal aims to position Ohio as a leader in crypto adoption, it faces significant skepticism regarding its viability. In short, the bill is exceedingly unlikely to become law . The state legislator’s proposed law would compel the state and “all local political subdivisions” to accept bitcoin and other cryptocurrencies as a form of payment for state and local taxes. The bill would also allow state universities and pension funds to invest in crypto. TODAY: I introduced a bill the legalize the use of cryptocurrency to pay state and local taxes and fees. Cryptocurrency is not just the future — it’s the present. I’m proud to be the most pro-cryptocurrency Member of the Ohio Senate. READ: pic.twitter.com/9lpYdkoGWT — Niraj Anta...