New Hampshire Becomes First U.S. State to Enact Bitcoin Reserve Bill
In a historic move, New Hampshire has officially passed the Bitcoin Reserve Bill, becoming the first state in the U.S. to do so. Introduced by Republican Representative Keith Ammon and co-sponsored by Democrats Chris McAleer and Carry Spier, this legislation allows the state treasurer to purchase Bitcoin and other digital assets, provided they possess a market capitalization of at least $500 billion—currently, only Bitcoin qualifies under this criterion.
The legislation permits up to 5% of state funds to be allocated to such digital assets, a reduction from the initial 10% proposed. It emphasizes security, requiring assets to be held by certified custodians or through regulated exchange-traded products. Notably, provisions for stablecoins and staking were removed during the committee stage to enhance the bill’s safety.
While New Hampshire advances its crypto initiatives, Florida has paused its progress, withdrawing two significant bills aimed at allowing public investment in Bitcoin. Initially introduced in February 2025, these proposals have been "indefinitely postponed." Other states, including Montana, Wyoming, and Pennsylvania, are also retreating from similar investment strategies.
Conversely, states like Texas, Oklahoma, Utah, and Arizona continue to advance Bitcoin-related legislation, with Texas proposing a Bitcoin reserve to be held for at least five years. Oklahoma’s bill has gained committee approval, while Utah allows for up to 5% of funds to be directed toward digital assets.
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