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 forth conditions for investment, 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 that their investment decisions must prioritize the interests of participants and beneficiaries without aiming to influence social or environmental policies.

Additionally, the bill establishes the state lottery gross revenue fund, managed by the Treasurer of State, which will include all revenues from lottery ticket sales. It mandates that at least fifty percent of total revenue from lottery ticket sales be allocated for monetary prize awards and allows the Treasurer to invest any unneeded portion of this fund in accordance with the new provisions. The legislation also introduces a framework for the deferred prizes trust fund, permitting investments in obligations with maturities of thirty years or less, while exempting these investments from certain limitations. The bill aims to modernize investment strategies for state funds, enhance accountability, and ensure compliance with fiduciary responsibilities, while repealing existing sections of the Revised Code related to these funds to streamline the legal framework.

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