The Ohio Strategic Cryptocurrency Reserve Act proposes significant amendments to the Revised Code, particularly by introducing a new section, 135.146, which facilitates investments in exchange-traded products by state retirement systems and allows the Treasurer of State to invest interim funds in digital assets. This new section defines essential terms such as "digital asset," "exchange-traded product," and "secure custody solution," and sets conditions for investments, including a cap of ten percent of the fund's balance and requirements for the digital assets to be exchange-traded products with substantial market capitalization. The bill also clarifies that the public employees retirement board and the Ohio police and fire pension fund board can invest in these products, emphasizing the importance of maximizing returns while adhering to fiduciary duties.

Additionally, the bill establishes the state lottery gross revenue fund, managed by the treasurer of state, which will not be part of the state treasury. It outlines revenue sources, mandates that at least fifty percent of total revenue from lottery ticket sales be allocated for monetary prize awards, and allows for the investment of surplus funds according to state law. The bill also introduces provisions for the deferred prizes trust fund, allowing investments in obligations with maturities of thirty years or less, and emphasizes the need for audits and internal audit plans to ensure compliance and transparency. Overall, the legislation aims to enhance investment strategies for state funds while ensuring accountability and promoting inclusivity in investment opportunities.

Statutes affected:
As Introduced: 145.11, 742.11, 3307.15, 3309.15, 3770.06, 5505.06