The post New Hampshire, Florida embrace Bitcoin after DOJ eases up on crypto prosecution appeared on BitcoinEthereumNews.com.

New Hampshire and Florida formalize Bitcoin reserve frameworks for public funds and treasury reserves DOJ not in the business of crypto regulation via prosecution anymore, shifting focus solely to criminal misuse of digital assets Two U.S. states are making bold financial moves right now. New Hampshire and Florida have advanced bills allowing state treasuries to invest public funds in Bitcoin [BTC] and other high-market-cap digital assets. These decisions come days after the U.S. Department of Justice (DOJ) announced it would halt prosecution against crypto exchanges and related services for regulatory breaches. Timing is no coincidence This alignment signals a synchronized shift between state and federal bodies towards normalizing digital assets in government finance. On 10 April, New Hampshire’s House of Representatives passed HB302 by a narrow vote of 192–179. The bill empowers the state treasurer to allocate up to 10% of public funds to eligible digital assets, stablecoins, and precious metals. However, the condition is that the assets must meet strict eligibility criteria such as a market cap exceeding $500 billion averaged over the prior year. The legislation mandates that assets must be either held directly by the treasurer, custodied by a regulated institution, or purchased through exchange-traded products. Florida follows suit Meanwhile, Florida’s House Insurance and Banking Committee unanimously advanced its own digital reserves bill. The state formally took a step in the same direction, albeit with a bold operational twist. The bill not only approves Bitcoin and other high-cap digital assets for treasury investment, but it also codifies Bitcoin custody and loaning directly into state statute. States step in as the Feds step back The synchronization of these policies across state lines suggests a broader political trend. U.S. states are looking to assert digital asset autonomy while the federal government recalibrates its crypto enforcement priorities. Earlier this week,…

---

Filed under: News - @ April 11, 2025 5:26 pm