Ohio House passes Bitcoin Rights Bill: $200 and below BTC payments exempt from taxation, clarifying self-custody and mining rights.

Ohio passed the HB 116 bill, which exempts a single Bitcoin payment below $200 from state-level capital gains tax and confirms self-custody and mining rights, removing tax and legal barriers to daily crypto transactions. (Executive Summary: Regulatory Tightening!) The number of global bitcoin ATMs fell by 11.1%, and the decline of 15.4% in the United States was the most intense) (Background supplement: Australia strengthens cryptocurrency ATM supervision: cash transaction cap 5,000 Australian dollars, KYC and monitoring double upgrade) The Ohio House of Representatives officially passed the HB 116 "Bitcoin Rights" bill on June 18, stipulating that a single bitcoin payment of less than $200 can be exempted from state-level capital gains tax, bringing substantial tax cuts to people who love cryptocurrencies. Tax exemption under $200, release of micropayments According to Coingape, HB 116 is designed with a "minimal" (de minimis) that directly eliminates the need to track and report low-value transactions. The Technology and Innovation Committee passed unanimously 13-0 and then passed the House of Representatives by a vote of 68 in favor and 26 against, reaching a rare bipartisan consensus. Proponents argue that everyday consumption such as groceries and coffee will no longer need to calculate write-off price differentials, lowering the threshold for use, and is expected to push bitcoin from a purely investment asset to a true medium of exchange. Another highlight of the bill is that it clearly guarantees the freedom of individuals and enterprises to keep digital assets and operate mining equipment and nodes on their own. These provisions provide legal certainty for decentralized infrastructure, which the state government hopes will attract investment and employment from blockchain players. However, opposition voices are worried that the regulatory gap and mining energy consumption may affect local environmental protection policies, and the details of subsequent implementation remain to be seen. HB 116 will be sent to the Senate for consideration and signed by the governor before it can officially take effect. However, due to the strong cross-party consensus shown in the early stage, the outside world is generally optimistic about the final landing. If it becomes law, Ohio will become one of the few jurisdictions in the United States to grant explicit tax exemptions for micro-crypto transactions, providing a replicable regulatory template for other states. For the crypto community, this legislation removes the biggest pain point of microtransactions and once again highlights the urgency of the competition among states over digital asset policy. Whether HB 116 can drive a wider range of daily payments and industrial clusters will be the focus of continuous tracking. Related reports El Salvador cryptocurrency ATMs will fully upgrade the "Bitcoin Lightning Network", will the public pay? The new ATM withdrawal rules "did not show the full face" may trigger the alarm, Tainan began to trial in May to crack down on fraudulent drivers Ke Wenzhe million gold ATM reasons? Crypto expert: Paige Chen sells bitcoin like OTC, but the logic is unreasonable (Ohio House of Representatives passed bitcoin rights law: BTC payments under $200 are exempt from taxation, clarifying self-custody and mining rights) This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".