Coinspeaker
New Hampshire Bitcoin Reserve Bill Moves Forward to Full Senate Vote

The New Hampshire Senate has been considering Bill 302, which would allow the state to incorporate precious metals and cryptocurrencies like Bitcoin into its financial strategy. The bill has passed the second Senate committee and is set for a full Senate vote.

If passed, New Hampshire state’s treasurer will be able to divest a part of the resources from traditional financial options to digital assets and precious metals. The proposed law would allow the state’s treasury to invest up to 10% of its funds in cryptocurrency, but only assets with a market cap over $500 billion, like Bitcoin, would qualify.

The bill began its journey in January at the House Commerce and Consumer Affairs Committee, which voted in favour of it with 16–1 vote. It moved to the full House on April 10, where it passed with a 192-179 vote. The second Senate committee reviewed House Bill 302 on April 23 and approved it with a 4-1 vote. If the full Senate approves, it will then go to the governor for final approval.

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