Policymakers in New Hampshire’s govt council voted towards a proposal that may have allowed the state to situation $100 million in bonds backed by Bitcoin (BTC).
At a Wednesday listening to, the five-member panel voted 3-2 towards the New Hampshire Enterprise Finance Authority’s (BFA) proposed issuance of $100 million in BTC-backed bonds. The proposed investments, which the authority accredited in November 2025, already had assist from Governor Kelly Ayotte.
“It was a particularly short-sighted choice,” mentioned state consultant Keith Ammon in a Thursday X put up after the vote. “I can not consider I witnessed it in individual. They need to collect all related details and data and rethink their vote at a future assembly.”
Councilors Karen Liot Hill, Dave Wheeler and Janet Stevens voted towards the measure, whereas Joseph Kenney and John Stephen accredited it. The crypto funding autos, issued by the BFA and with CleanSpark placing up BTC as collateral, would have marked New Hampshire’s continued approval of digital asset insurance policies, following its Could 2025 crypto reserve legislation.
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Whereas the BTC-backed bonds had assist from many within the crypto trade, some consultants warned towards the proposal, saying it carried “substantial threat” for New Hampshire residents. Moody’s assigned the Bitcoin bond a provisional Ba2 score in March.
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