New Hampshire: Pioneer of Bitcoin Reserves
On May 6, 2025, New Hampshire made history by becoming the first state in the United States to allow holding Bitcoin as part of its financial reserves. The HB 302 bill, signed into law by the state governor, allows for the establishment of a Strategic Bitcoin Reserve Fund. With a provision allowing the state treasurer to purchase Bitcoin and other major digital assets, either directly or through investment products such as exchange-traded products (ETPs), this is a significant step in the acceptance of cryptocurrency.
Risk and Security Regulations
In managing risk, New Hampshire allows only 5% of its total fund to be held in Bitcoin. Digital assets must be stored under stringent supervision of U.S. regulatory agencies. State-controlled wallets or approved custodial units ensure the safety of these investments. The new policy officially takes effect 60 days after signing.
Source of Inspiration and Expected Impact
The bill is inspired by the model of the nonprofit group Satoshi Action, with support from key figures such as Representative Keith Ammon and Majority Leader Jason Osborne. Dennis Porter, CEO of Satoshi Action, asserts that this is not just a bill but the beginning of a new movement.
Great Potential and Future
This pioneering decision by New Hampshire may open opportunities for other states in the United States to follow a similar path as interest in Bitcoin-based financial reserves continues to grow. The cryptocurrency world is witnessing strategic advances in integrating into the traditional financial system.
Source: https://tintucbitcoin.com/new-hampshire-dan-dau-hoa-ky-du-tru-bitcoin-chinh-thuc/
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