The post New Hampshire becomes first US state to approve Bitcoin reserve investment appeared on BitcoinEthereumNews.com.

New Hampshire has become the first state in the US to enact a Strategic Bitcoin Reserve law after Governor Kelly Ayotte signed the House Bill (HB) 302. This concludes the process that started in January when Rep Keith Ammon proposed the Bill. With the move, the state treasurer now has the authority to invest 5% of its portfolio into BTC and any other digital assets with a market cap of over $500 billion. Only Bitcoin currently meets this requirement. Bitcoin Reserve law race (Source: Bitcoin Laws) Ayotte herself announced the development on X (formerly Twitter), noting that the Law allows the state to invest in crypto and precious metals. The Law will now take effect in 60 days. She said: “New Hampshire is once again First in the Nation! 🎉 Just signed a new law allowing our state to invest in cryptocurrency and precious metals.” Unsurprisingly, several others have celebrated the milestone. Ammon captioned the announcement “first,” while New Hampshire House Republicans posted: “The Live Free or Die state is leading the way in forging the future of commerce and digital assets.” Meanwhile, many in the crypto community believe this move will set the ball rolling for other states to adopt Bitcoin as a reserve asset and allow investment in the crypto. According to the co-founder of Satoshi Act Fund, Dennis Porter, this is history in the making. Satoshi Act Fund is the advocacy group that has been pushing for states in the US to enact crypto reserve laws, and most of the proposed state legislation on the issue is modeled after its proposal. New Hampshire decision a positive development in a rough week for pro-crypto legislative efforts The timing of the Law could not be more perfect as it coincides with recent disappointments and uncertainties for pro-crypto legislative efforts.…

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Filed under: News - @ May 6, 2025 11:21 pm