New Hampshire Leads Nation in Cryptocurrency Investment Legislation
In a groundbreaking move, New Hampshire has become the first state in the U.S. to legally permit government investment in cryptocurrencies, including Bitcoin (BTC). Governor Kelly Ayotte signed House Bill 302 into law on May 6, following its approval by both the state Senate and House. The legislation empowers the state’s treasury to invest in cryptocurrencies with a market capitalization exceeding $500 billion, thereby excluding many smaller tokens and memecoins.
Ayotte announced the legislation’s signing on social media, highlighting New Hampshire’s innovative approach to digital assets. "The Live Free or Die state is leading the way in forging the future of commerce and digital assets," stated the New Hampshire Republican Party in a post celebrating the historic legislation.
This development positions New Hampshire at the forefront of a growing interest in cryptocurrency reserves among U.S. states. Similar initiatives are being explored, notably in Arizona and Florida, although Arizona’s bill was recently vetoed, and Florida has withdrawn its proposals.
The push for state-level cryptocurrency reserves coincides with federal discussions led by former President Donald Trump, who has advocated for a "Digital Asset Stockpile" and "Strategic Bitcoin Reserve." Senator Cynthia Lummis has also introduced the BITCOIN Act, proposing government ownership of over 1 million BTC through asset seizures.
As the legislative landscape shifts, New Hampshire’s pioneering stance could influence the future of public investments in digital currencies across the nation.
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