🔥 New Hampshire has become the first U.S. state to adopt legislation allowing the investment of public treasury in cryptocurrencies, following Governor Chris Sununu's signing of House Bill 302 on May 6.

🔥 Sununu stated on platform X: New Hampshire is the first state in the country again.

🔥 Adding that the new law allows 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 in its reserves.

🔥 This development coincides with the rise in Bitcoin's price from $94,000 to $97,500, although this is primarily driven by developments related to the trade war between the United States and China.

The law stipulates that up to 5% of the state's total reserves can be allocated for investment in digital assets with a market value exceeding $500 billion.

And although this condition currently makes Bitcoin eligible, other coins like Ethereum, which has a market value of around $220 billion, do not fall under this classification at the moment.