New Hampshire May Invest 10% of Reserves in Bitcoin
The Most Important Points at a Glance
New Hampshire could become one of the first U.S. states to hold Bitcoin (BTC) and precious metals as part of its state reserves. Bill HB302 received strong approval in committee and now faces another vote. The planned investment is limited to 10% of state funds and includes strict security measures.
New Hampshire Plans Bitcoin Reserves
Bill HB302 was passed in the New Hampshire House of Representatives with a 16-1 majority in the Commerce and Consumer Affairs Committee. This approval increases the chances of final adoption by the full House and Senate. If the law comes into effect, the state could invest up to 10% of its reserves in Bitcoin, gold, silver, platinum, and selected stablecoins.
Details on HB302
HB302 allows the state treasurer to invest a portion of public funds in alternative assets. The key provisions of the law:
- A maximum of 10% of state reserves may be invested in Bitcoin, precious metals, and stablecoins.
- Only digital assets with a market capitalization of over $500 billion are permitted.
- Investments can be made directly, through qualified custodians, or via exchange-traded products.
- Strict security measures, including multi-party governance and regular security audits, are required.
Support from the Crypto Industry
HB302 is receiving support from crypto experts and political interest groups. Dennis Porter, CEO of the Satoshi Act Fund, confirmed that his organization was involved in drafting the bill. Strong industry support could lead other states to consider similar measures.
Comparison with Other States
While some U.S. states are providing regulatory clarity for cryptocurrencies, New Hampshire is taking a step further with HB302. The state views Bitcoin as a strategic reserve rather than focusing solely on regulatory issues.
A similar proposal in Montana, which also included investments in Bitcoin and precious metals, recently failed with a 41-59 vote. New Hampshire is taking a more cautious approach with the 10% limit and strict security requirements.
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Market Impact and Political Significance
Although the 10% investment limit restricts immediate market impact, the symbolic significance could be substantial. If HB302 is passed, it could encourage other states to enact similar legislation.
Additionally, the bill allows the state to generate returns from its digital assets through lending or staking, as long as control over the assets is maintained. This demonstrates a deeper understanding of how digital markets function.
Our Assessment
New Hampshire could take a pioneering role in state-level Bitcoin adoption with HB302. The clear limitation to established assets and strict security measures make the proposal more robust than previous failed initiatives in other states.
If the bill is passed, it could serve as a model for other U.S. states considering Bitcoin as part of their financial strategy. The upcoming votes in the House and Senate will determine whether New Hampshire takes this step.
| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Further practical applications | |
| Price | $82,955.00 |
| 24h % | -1.71 % |
| 7d % | -10.98 % |
| 30d % | -13.67 % |
| 60d % | -11.15 % |
| 1y % | 18.62 % |
| Market Cap | $1,651,426,406,239.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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