Enact the Ohio Bitcoin Reserve Act

HB 703 creates the Ohio Bitcoin Reserve Act, which allows the state treasurer to invest state funds and seized assets in Bitcoin. The bill establishes strict security rules for holding this digital currency, requiring private keys to be kept in encrypted environments, stored in multiple locations, and managed through multi-party governance systems without smartphone access. It also defines a "qualified custodian" as a regulated financial institution that can hold the state's Bitcoin on its behalf. Additionally, the legislation designates Bitcoin as a valuable digital asset intended to provide fiscal resilience and serves as a hedge against economic volatility.