New Hampshire and Florida Advance Crypto Reserve Bills

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Legislative efforts to establish state-level Bitcoin reserves are gaining traction in the US, with New Hampshire and Florida advancing bills to allow their governments to include Bitcoin in their financial reserves.

On April 10, New Hampshire’s House narrowly passed bill HB302 with a 192-179 vote. It now proceeds to the state Senate for further consideration.

If approved and signed by Governor Kelly Ayotte, the bill would permit the state treasurer to invest up to 10% of New Hampshire’s general fund and other authorized funds in precious metals and digital assets.

The bill limits investments to cryptocurrencies with a market capitalization over $500 billion, a criterion currently met only by Bitcoin.