Overview

• Ohio’s State Board of Deposit unanimously selected a payment processor on Wednesday, completing the final administrative step to launch cryptocurrency options for state fees and services.
• Secretary of State Frank LaRose said his office will be first to accept digital assets after technical integration, citing demand across hundreds of thousands of annual transactions.
• Officials say initial options under consideration include Bitcoin and Ethereum, with other agencies to follow as integrations are completed.
• The processor will accept crypto at checkout and immediately convert receipts into dollars to preserve state accounting practices.
• The rollout aligns with a broader policy push that includes the Blockchain Basics Act, measures reported to exempt sub-$200 crypto transactions from capital gains reporting, and a pending proposal for an Ohio Strategic Crypto Reserve.