Key Takeaways
- New Hampshire’s Home committee handed a Bitcoin invoice in a 16-1 vote.
- The invoice would enable as much as 5% of state funds to be invested in Bitcoin.
- New Hampshire joins different states pushing for Bitcoin adoption.
On March 5, the New Hampshire Home Commerce and Client Affairs Committee handed Home Invoice 302 in a decisive 16-1 vote.
The invoice, launched by Republican Keith Ammon and co-sponsored by Democrats Chris McAleer and Carry Spier, would enable the state’s treasurer to speculate as much as 5% of sure state funds into Bitcoin and different eligible property.
Eligibility standards for Bitcoin funding
Whereas Bitcoin will not be explicitly talked about within the invoice, solely digital property with a mean market cap of $500 billion over the previous 12 months qualify for inclusion—making Bitcoin the one eligible asset below this criterion.
Any acquired Bitcoin could be required to be held by a professional custodian or as a part of an exchange-traded product.
Amendments to the Invoice
Initially, the invoice proposed permitting 10% of state funds to be allotted, but it surely was amended to five% earlier than passing by the committee.
Moreover, amendments eliminated the inclusion of stablecoins and staking choices.
Treasurer’s curiosity in Bitcoin
New Hampshire’s Treasurer, Monica Mezzapelle, has expressed curiosity in doubtlessly investing in Bitcoin if the invoice passes.
Broader context of Bitcoin adoption
New Hampshire joins North Carolina, Oklahoma, and Texas in awaiting a full Home vote, whereas comparable payments in Utah and Arizona have already cleared that stage.
The push for Bitcoin adoption on the state degree comes as President Donald Trump just lately proposed a federal Bitcoin reserve.