Key Highlights:
- House Bill 302 moves to a full House vote after a 16-1 approval.
- Bitcoin allocation was reduced from 10% to 5% for secure management.
- New Hampshire could join Texas, North Carolina, and Oklahoma in Bitcoin reserves.
New Hampshire is progressing towards adopting Bitcoin to its state reserves portfolio through a legislative bill proposed by Representative Keith Ammon. The House Commerce and Affairs Committee strongly backed House Bill 302, enabling state treasury investment in Bitcoin and precious metals before the bill gained a 16-1 vote of approval.
Following approval by committees, the bill will advance for consideration by the full House membership. This milestone demonstrates New Hampshire’s accelerating move towards adopting crypto methods. The approval of this bill would make New Hampshire part of the states that use Bitcoin as a reserve asset along with Texas, North Carolina, and Oklahoma. Government institutions across the nation continue to adopt cryptocurrency as an essential part of their financial systems through localized strategies.
New Hampshire Bitcoin Bill Limits Allocation to 5% for Security
The initial proposal of House Bill 302 sought the utilization of 10% from New Hampshire’s general fund to purchase Bitcoin before the lawmakers revised the amount to 5%. A more careful approach to digital asset management led to the reduction of the proposed Bitcoin investment from 10% to 5% under New Hampshire House Bill 302.
The state is mandated through this bill to work with licensed custodial experts who ensure secure asset protection against security threats. The new legislation bases its approach on global concerns about digital asset storage alongside regulatory oversight as governments examine cryptocurrency as a financial reserve.
Growing Interest in Bitcoin as a Reserve Asset
The state of New Hampshire stands among numerous governments worldwide which adopted Bitcoin solutions in this current period. Brazil together with Poland, alongside various other countries started exploring to put cryptocurrency in national reserves. The Bitcoin acquisition strategy brought forth by El Salvador serves as an exemplary approach for public institutions to invest in digital assets.
A New Hampshire House decision in the near future will decide whether the state will add Bitcoin to its treasury assets officially. The successful passing of this legislation would place New Hampshire at the forefront of U.S. states that maintain Bitcoin in their fiscal reserves.
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