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New Hampshire’s Bitcoin Reserve Bill Becomes Law
By: cryptosheadlines|2025/05/07 02:30:02
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Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com The first state-level Bitcoin Reserve bill in the US is now fully approved, as New Hampshire’s Governor Kelly Ayotte signed it into law today. This makes New Hampshire the first state to get such a plan across the finish line. Although Florida and Arizona saw recent setbacks, a victory in New Hampshire is a substantial accomplishment. New Hampshire Enacts Bitcoin Reserve LawEarlier today, the state-level Bitcoin Reserve initiatives in the US were looking dire. Two relevant bills died in committee in Florida less than a week after Arizona’s governor vetoed another. However, New Hampshire has bucked this trend, creating the US’s first Strategic Bitcoin Reserve/New Hampshire is once again First in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals. pic.twitter.com/ua9bawZKbM— Governor Kelly Ayotte (@KellyAyotte) May 6, 2025This Reserve bill puts New Hampshire at the head of the country in a few ways. In addition to allowing the state to purchase and hold Bitcoin, there is another interesting aspect. Specifically, the law is not exclusively tailored to Bitcoin. It allows the state to purchase any cryptoasset with a market cap over $500 billion. Today, that’s only BTC, but others could join. This means if Ethereum and XRP reach this threshold in the future, the state can purchase these altcoins as a part of its reserve. New Hampshire’s successful effort will encourage other Bitcoin Reserve bills and provide valuable data on how this system works in practice. Other state governments can learn from New Hampshire’s successes and failures to refine their own legal initiatives better.Meanwhile, Trump’s national Bitcoin Reserve plan is still unclear. The initial executive order provided a 60-day deadline for the Treasury to assess the plans for a digital asset reserve. That deadline ended yesterday, but no concrete update has been given yet. As of now, the Governor has not specified the amount of BTC the state will purchase. However, according to the bill, New Hampshire can allocate a maximum of 5% of total state funds to purchasing Bitcoin. For 2026-2027, the state’s total fund is $16 billion in expenditures. So, it will be interesting to see how much of that will be allocated for BTC. DisclaimerIn adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.Source link
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