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Crypto Prune > Regulation > Bitcoin Reserve in New Hampshire is already in law
Regulation

Bitcoin Reserve in New Hampshire is already in law

8 months ago 3 Min Read

New Hampshire has marked a milestone in BTC adoption by becoming the first US jurisdiction. In promoting laws that allow for the creation of strategic Bitcoin reserves. Gov. Kelly Ayotte signed the HB 302 Act this morning after approval in the state Senate.

The HB 302 bill was previously approved by a New Hampshire representative with a narrow margin between the ages of 192 and 179. Allows state accounting to invest up to 5% of public funds And other funds approved for valuable and digitally active metal with market capitalizations of over 500 billion are currently the thresholds reaching Bitcoin only.

The initiative promoted by Representative Keith Ammon; Trying to protect the state’s finances from inflation and dollar devaluationespecially in a context characterized by recent tariffs promoted by President Trump, who created concerns about currency stability. Ammon claims that Bitcoin represents a decentralized alternative and is resistant to government manipulation.

The approval has brought states’ interest in Bitcoin as a value reserve, with several regions investigating the possibility. But that contrasts with the recent veto of similar Arizona laws by Gov. Katie Hobbs, who argued for economic risks to the population.

When signing the law, Governor Ayott emphasized that New Hampshire is “in the country again.” The next step is the implementation of Bitcoin Strategic Reserve, allowing state accounts to invest public funds in BTC and ensuring custody is implemented through regulated US entities. This includes establishing security protocols, choosing reliable custodians, and monitoring market volatility to minimize risk.

Meanwhile, jurisdictions such as Florida and Arizona have suffered a major set of efforts to implement their own projects. In Florida, the HB 487 and SB 550 initiatives seeking to approve investments of up to 10% of BTC’s public funds have been postponed indefinitely. On her side, in Arizona, Gov. Katie Hobbs rejected the SB 1025 project.

See also  Coinbase will withdraw support for CLARITY Act if stablecoin rewards are abolished

According to Bitcoin law data, adoption of Bitcoin strategic reserves has created traction in the US, with a total of 46 bills being introduced at the time of writing this memo. Of these, 36 proposals remain active or “living” in 19 jurisdictions, moving on to their respective legislative processes, but the rest have filed, rejected or retired, as happened in Arizona and Florida.

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