Bitcoin reserve payments advance in New Hampshire, Florida

New Hampshire’s Home and Florida’s Home insurance coverage and banking committee have respectively superior payments permitting their states to create Bitcoin reserves.

New Hampshire’s Home handed its Bitcoin reserve invoice, HB302, in a 192-179 vote on April 10 which can now head to the Senate. The state is now the fourth to move a Bitcoin (BTC) reserve invoice via one chamber, becoming a member of Arizona, Texas and Oklahoma.

If HB302 clears New Hampshire’s Senate and Governor Kelly Ayotte indicators it into regulation it could enable the state’s treasurer to make use of 10% of the state’s common fund and different licensed funds to spend money on valuable metals and sure digital belongings. The invoice additionally units out how they need to be custodied.

The invoice specifies that solely cryptocurrencies with a market capitalization of over $500 billion could be eligible for funding, a standards that solely Bitcoin at the moment meets.

In a debate previous to the vote, Democrat Consultant Terry Spahr argued that the invoice is pointless and will undermine the longer term safety of the state’s digital belongings stockpile. 

“Unbeknownst to the committee and to the sponsor […] the treasurer testified that they have already got that authority,” Spahr stated. He added that cryptocurrency is “continually shifting and altering, and it’s form of harmful to be type of locked into sure varieties of safety measures, and I believe that invoice does this.”

Republican Consultant Jordan Ulery countered that the invoice was crucial because it may create the “potential for a big amount of cash being earned by the state in these investments.”

New Hampshire has two different blockchain-related payments working their manner via the legislature — HB310, which covers stablecoins and real-world asset tokenization (RWA) and HB 639, which offers with blockchain regulation and dispute decision.

Florida Home Committee passes Bitcoin reserve invoice 

In the meantime on April 10, Florida’s Home Insurance coverage and Banking Committee handed the state’s Bitcoin reserve invoice, HB487, with a unanimous vote.

The invoice has three committees to clear earlier than it progresses to Florida’s Home.

WATCH: Florida Home Committee PASSES Bitcoin Reserve Invoice

The Insurance coverage and Banking Committee handed HB 487 unanimously immediately

Together with transferring testimony from invoice sponsor Rep. Webster Barnaby pic.twitter.com/myAlNvtFl9

— Bitcoin Legal guidelines (@Bitcoin_Laws) April 10, 2025

Much like New Hampshire’s invoice, HB487 would enable Florida’s chief monetary officer and the State Board of Administration to take a position as much as 10% of sure state funds — together with the Normal Income Fund and the Finances Stabilization Fund — into Bitcoin.

The invoice’s sponsor, Republican Consultant Webster Barnaby pleaded with the Committee earlier than the vote “to vote up on this essential invoice” which he claimed would “put Florida in the vanguard of this very new know-how.”

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Florida’s invoice provides the state’s monetary chief the flexibility to spend money on digital belongings immediately, via sure certified custodians, or via exchange-traded merchandise and particulars safety and custody necessities.

In accordance with Bitcoin Legal guidelines, which tracks the progress of digital belongings laws, Arizona is at the moment main the race to turn into the primary US state to determine a strategic Bitcoin reserve. 

On March 24, two digital belongings reserve payments, SB1373 and SB1025, cleared Arizona’s Home Guidelines Committee and are actually headed to the state’s Home for a full ground vote. 

If handed by the Home, the payments would then want the signature of Arizona’s Democratic governor, Katie Hobbs to turn into regulation.

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