New Hampshire Becomes First State to Allow Investment in Crypto Assets

New Hampshire has become the first state to permit investment of public funds into crypto assets, following the signing of a new law by Governor Kelly Ayotte.

• The law allows investment of up to 5% of public funds in digital assets with a market capitalization of at least $500 billion.
• Currently, only bitcoin qualifies under this criteria.
• This move positions New Hampshire ahead of other states and potentially the federal government in establishing a crypto reserve.
• Other states have faced setbacks; Arizona's similar measure was vetoed, while Florida withdrew its proposal.
• North Carolina remains a strong contender for pursuing crypto investments.
• Former President Trump proposed creating a bitcoin reserve during his administration.