Governor of New Hampshire signed the law on cryptocurrency reserves
New Hampshire is the first US state that allows its government in cryptocurrencies, including Bitcoin (BTC) to invest after governor Kelly Ayotte signed a law adopted by Parliament.
In a message dated May 6th quit Ayotte on social media that New Hampshire should be permitted by a draft law “investments in cryptocurrencies and precious metals”. House Bill 302, which was introduced in New Hampshire in January, allows the state treasury to use funds for investments in cryptocurrencies with a market capitalization of more than $ 500 billion, which excludes many tokens and memoins.
“The state is a leader in the design of the future of trade and digital goods”, so the Republicans from New Hampshire in an X-Post on May 6th.
With the signing of the law, New Hampshire is the first of several US states to consider the adoption of laws to set up a strategic Bitcoin reserve. This is also discussed at the federal level.
A similar draft law in Arizona passed the House of Representatives of the state in April, but was on May 2 by governor Katie Hobbs by a veto stoppedand the Floridas government pulled two draft laws on cryptocurrency reserves on May 3rd back.
New Hampshires crypto plans: does the US government follow the example?
The creation of crypto reserves in various US states has also sparked a discussion at the federal level. US President Donald Trump and Republican legislature discuss similar measures. Trump signed in March a implementing regulation for the establishment of a “Strategic Bitcoin Reserve”.
Senator Cynthia Lummis, which has brought the law to promote innovation, technology and competitiveness through optimized nationwide investments, or Bitcoin-act, suggested that the US government could withhold more than 1 million BTC through civil and criminal conflict. The draft law is currently being examined by the members of the US Senate banking committee.
