✨New Hampshire has become the first U.S. state 🇺🇲 to adopt legislation allowing the investment of the 🏦 state treasury in cryptocurrencies, after Governor 🎖️ "Chris Sununu" signed House Bill ⚖️ 302 on May 6.
✨"Sununu" stated on platform X:
💥 New Hampshire is again the first state in the nation
✨Adding that the new law permits the state to invest in cryptocurrencies and precious metals.
🎯 The law is set to take effect within 60 days, officially allowing the state to begin accumulating Bitcoin as part of its reserves.
🚀 This development coincides with the price of Bitcoin rising from $94,000 to $97,500, albeit mainly driven by developments related to the trade war between the United States and China.
✨The law ⚖️ stipulates that up to 5% of the total state reserve can be allocated for investment in digital assets with a market value exceeding $500 billion.
⚙️ Although this condition currently makes Bitcoin eligible, other currencies like Ethereum, which has a market value of about $220 billion, do not fall under this classification at the moment.