New Hampshire is making strides in cryptocurrency legislation! While it seems the governor hasn't exactly signed a Bitcoin reserve into law yet, there have been significant developments¹ ²:
- *Bill Proposal*: Rep. Keith Ammon proposed a bill allowing New Hampshire's treasury to hold Bitcoin as a reserve asset, potentially paving the way for a state Bitcoin strategic reserve.
- *Committee Approval*: The New Hampshire House Committee overwhelmingly approved House Bill 302, granting the state's treasurer discretion to allocate up to 5% of funds from the general fund to Bitcoin.
- *Potential Impact*: If enacted, this bill could make New Hampshire a leader in cryptocurrency adoption and potentially boost Bitcoin's value. Other states might follow suit, with reports suggesting 10 more US states are ready to introduce similar bills.
It's worth noting that the governor has signed an executive order establishing a commission on cryptocurrencies and digital assets to bring regulatory certainty to the industry.³
This developing story could have significant implications for Bitcoin and the broader cryptocurrency market. Let's stay tuned for further updates!