New Hampshire Bitcoin Law: Historic Approval for State Investment in Cryptocurrencies
A significant event has just occurred in the United States, marking a possible turning point for government adoption of digital assets. According to a report from Watcher Guru, the governor of New Hampshire has officially enacted a law that allows the state to invest part of its general fund and the revenue stabilization fund directly in Bitcoin and other digital assets. This measure places New Hampshire at the forefront of cryptocurrency adoption among U.S. states, becoming the first state to finalize legislation that introduces Bitcoin as a reserve asset at the state level.
What does the New Hampshire Bitcoin Law really do?
In essence, the newly signed legislation grants the treasurer of the state of New Hampshire explicit authority to manage investments in digital assets. This is not just a theoretical possibility; the law specifically allows for the allocation of funds from two key state accounts: the general fund and the revenue stabilization fund. These funds are crucial for the state's financial health, covering everything from daily operations to preparation for economic downturns.
