New Hampshire Bitcoin Reserve Bill Advances to Full Senate Vote
The New Hampshire Senate is reviewing Bill 302, which would permit the incorporation of cryptocurrencies and precious metals into the state’s financial strategy. The bill has passed the second Senate committee and awaits a full Senate vote.
If approved, the state treasurer could allocate up to 10% of funds to digital assets, limited to those with a market cap over $500 billion, such as Bitcoin.
Key developments include:
- Initial approval from the House Commerce and Consumer Affairs Committee with a 16-1 vote in January
- Passage in the full House on April 10 with a 192-179 vote
- Approval by the Senate Ways & Means Committee with a 4-1 vote on April 23
🇺🇸 State Reserve Race Update:
New Hampshire Bitcoin Reserve Bill HB 302 has passed the Senate Ways & Means Committee, by a 4-1 vote. pic.twitter.com/pKjLyy8EpO
— Bitcoin Laws (@Bitcoin_Laws) April 24, 2025
Opinions on the bill vary:
- Opposition from Democratic Representative Terry Spahr, citing existing authority of the state treasurer
- Support from Republican Representative Jordan Ulery, highlighting potential financial benefits from cryptocurrency investments
Other related legislation includes House Bills 310 and 639, focusing on stablecoins and blockchain regulations. In Illinois, the Digital Assets and Consumer Protection Act aims to address crypto-related scams. Internationally, South Korea is seeing political support for deregulation and blockchain innovation from presidential candidate Hong Joon-pyo.