A bill allowing New Hampshire to invest in digital assets and precious metals has moved to a full Senate vote after passing a second committee. House Bill 302 (HB 302) advanced with a 4-1 vote in the second Senate committee. Introduced in January, the legislation cleared the New Hampshire House with a narrow margin. If approved by the Senate and signed by the governor, it will enable the treasury to invest 10% of general funds in cryptocurrencies with a market cap over $500 billion, currently only met by Bitcoin (BTC). Democratic Representative Terry Spahr opposed the bill, citing potential security risks to the state’s digital asset reserves. However, others believe it could yield significant returns on investment. New Hampshire is also considering two other blockchain-related bills: HB 639 for dispute resolution and regulatory frameworks, and HB 310 for real-world asset tokenization and stablecoin use. This move aligns with Arizona’s exploration of creating a strategic Bitcoin reserve to become the first US state to implement such a policy. The state’s progress showcases a growing interest in digital asset legislation.
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