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New Hampshire Passes First Bitcoin Reserve Law
By: bitcoin ethereum news|2025/05/07 02:45:01
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Hampshire has made U.S. history by becoming the first state to officially pass a “Strategic Bitcoin Reserve” bill, setting a precedent for how state treasuries can integrate digital assets into public finance. The landmark legislation, House Bill 302 (HB 302), was signed into law by Governor Kelly Ayotte and announced by Dennis Porter, CEO of the Satoshi Action Fund. The new law authorizes the state treasurer to allocate up to 10% of the general fund – along with other authorized funds — into precious metals and digital assets with a market capitalization exceeding $500 billion. Currently, Bitcoin is the only cryptocurrency that qualifies under that threshold. The policy framework is based on the Satoshi Action Fund’s model legislation, which aims to promote sound money principles and digital asset adoption at the state level. According to the organization, HB 302 allows New Hampshire to hold Bitcoin either directly, via exchange-traded products, or through secure self-custody or approved custodians. “HB 302 proves you can protect taxpayer money, diversify reserves, and future-proof state treasuries-all while embracing the most secure monetary network on Earth,” said Porter. “New Hampshire didn’t just pass a bill; it sparked a movement.” This move marks a significant moment for Bitcoin advocates, who see institutional adoption at the state level as a major step toward mainstream financial integration. Reporter at Coindoo Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets. Related stories Next article !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,'script','https://connect.facebook.net/en_US/fbevents.js');fbq('init','1188189499475368');fbq('track','PageView'); Source: https://coindoo.com/new-hampshire-passes-first-bitcoin-reserve-law/
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