The first state -level reserve bill in the United States has been approved completely, as the New Hamebeshire Kelly Ayot ruler signed the law today. This makes New Hampshire the first state to obtain such a plan via the finish line.
Although Florida and Arizona have witnessed recent setbacks, victory in New Hampshire is a great achievement.
New Hampshire enacted the Bitcoin reserve law
Earlier today, bitcoin reserves at the state level in the United States seemed terrible. Two relevant draft laws died in a committee in Florida less than a week after the veto of the governor of Arizona.
However, New Hampshire collected this trend, establishing the first strategic bitcoin reserves in the United States/
The Bill of Reserves Law puts this New Hamebesheer at the head of the country in several ways. In addition to allowing the state to buy and keep it, there is another interesting aspect.
Specifically, the law is not exclusively designed to Bitcoin. The state is allowed to purchase any encryption with a maximum of the market more than $ 500 billion. Today, this is only BTC, but others can join.
This means whether Ethereum and XRP reach this threshold in the future, the state can buy this altcoins as part of its reserves.
The successful effort of the New Hampsire will encourage other bitcoin reserve bills and provide valuable data on how this system works in practice. Other state governments can learn from the successes of New Hampshire and their failure to better improve their legal initiatives.
At the same time, Trump’s Bitcoin National Reserve Plan is still unclear. The initial executive order made a final date for a period of 60 days to the Treasury to assess digital asset reserve plans. This deadline ended yesterday, but no concrete update has yet been presented.
As of now, the ruler has not specified the amount of BTC that the state will buy. However, according to the draft law, New Hampshire can allocate a maximum of 5 % of the country’s total money to buy bitcoin.
In 2026-2027, the total state fund is $ 16 billion at expenditures. Therefore, it will be interesting to know how much it will be allocated to BTC.
Disintegration
In adherence to the confidence project guidance, beincrypto is committed to unprepared and transparent reporting. This news article aims to provide accurate information in time. However, readers are advised to independently verify facts and consult with a professional before making any decisions based on this content. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
