The New Hampshire House Commerce Committee voted 16-1 to approve the Bitcoin Reserve Act (HB302), which will now go to a full House vote. If passed, the state treasurer will be authorized to invest 5% of state funds in digital assets. In fact, only Bitcoin currently meets the $500 billion market cap standard stipulated in the bill.
The bill, introduced by Republican Congressman Keith Ammon and supported by two Democrats, removes stablecoins and staking options and lowers the investment cap from the original 10 per cent to 5 per cent. The state treasurer has said he would consider investments if passed.
This development coincides with President Trump's announcement of the establishment of a national crypto strategic reserve, which experts predict is likely to consist primarily of bitcoin. Similar bills are currently being advanced in multiple states, including North Carolina and Texas, and the trend of state-level bitcoin legislation in the United States is accelerating.
The New Hampshire Bitcoin Bill has passed a House committee in a landslide
2025-03-06 04:21:48
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