New Hampshire becomes the first state to sign a Bitcoin Reserve Law


By Hannah Pérez

For the first time a state of the United States signs a law that promotes the incorporation of Bitcoin into the state reserve. New Hampshire has just made history.

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  • Historical: New Hampshire signs a Bitcoin Reserve Law.
  • The governor promulgated Law HB 302 that allows the State to invest in cryptocurrencies.
  • The State may put 10% of public funds directly in Bitcoin.
  • New Hampshire’s treasurer can protect them under self -ustody.

In a milestone for the cryptocurrency industry, New Hampshire has just become officially becoming the first state of the United States to have a reserve law Bitcoin.

The governor of New Hampshire, Kelly Ayotte, signed on Tuesday the “HB 302” legislative project, which empowers the state treasurer to invest public funds in Bitcoinformally promulgating it as a law within that state.

New Hampshire is once again the first in the nation!Ayotte wrote in X Next to a photograph that portrays the historical moment. “I just signed a new law that allows our State to invest in cryptocurrencies and precious metals

The state bill HB 302 had been approved last April by the State Representatives Chamber with a close vote of 192–179, and before that he had received the approval of the Committee on Commerce and Consumer Affairs.

Similar to other proposals of its kind, HB 302 establishes that the Treasurer of New Hampshire will be able to use 10% of the General Fund of the Nations and other funds authorized to invest in precious metals and certain digital assets.

The specific legislation that only cryptocurrencies with a market capitalization of more than USD $ 500 billion would be eligible for investment, a criterion that only Bitcoin Currently meets. The State can invest in Bitcoin directly or through a negotiated product (ETF) in the traditional stock market.

Likewise, the newly approved regulations establish how they should be guarded, allowing the treasurer to choose between self -ustody and for the hiring of a qualified third party to protect the funds.

Dennis Porter, founder of Satoshi Action Fundan organization of non -profit policies dedicated to approving pro legislation Bitcoin In the United States, he first shared the news on social networks.

Satoshi Action wrote the model, New Hampshire recorded it in the law, and now all treasurers from all over the country can follow that road map ”Porter said. “The HB 302 Law demonstrates that taxpayers’ money, diversifying reserves and preparing state treasureries for the future, while adopting the safer monetary network of the earth can be protected. ”

“New Hampshire not only approved a bill; caused a movementPorter said.

*** This is a developing story and will be updated accordingly.


Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI, under free use license

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