🪙 New Hampshire Establishes First State Crypto Reserve

New Hampshire has become the first U.S. state to establish a cryptocurrency reserve under newly passed legislation HB 302. Signed into law by Governor Kelly Ayotte, the bill permits the state treasurer to allocate up to 5% of public funds into precious metals and digital assets with a market capitalization exceeding $500 billion, currently including only Bitcoin. The assets will be securely stored through custody solutions or exchange-traded products. The law is set to take effect in 60 days. This move positions New Hampshire ahead of federal efforts, as the Trump administration’s national Bitcoin reserve plan involves only existing government-held assets. Crypto advocates view state reserves as a hedge against inflation and financial instability. Similar proposals have failed in other states like Montana and Florida. New Hampshire’s initiative could catalyze further adoption, potentially boosting Bitcoin’s value, which remained stable at $94,800 following the announcement#NewsAboutCrypto