New Hampshire It is now the first state in the United States officially to allow part of the public funds in the encrypted currency.
On Tuesday, Governor Kelly Ayot signed a new law that allows the state to invest up to 5 % of its public funds in digital assets such as Bitcoin. This makes New Hampshire the first in the country to create a legal way to build a state encoding reserve.
The new law is specificThe state can only invest in digital assets with a market value of at least $ 500 billion – a threshold that currently meets Bitcoin.
The ruler Ayut, who is a Republican and new in his position, celebrated the news by writing on social media
“New Hampshire is the first again in the country.”
Local lawmakers also praised the decision, describing it as a bold step to prepare the state for the future of digital financing.
This development comes after similar attempts to other states such as Arizona and Florida have failed to move forward. In Arizona, a similar bill is presented by the ruler. Florida withdrew her efforts. But other countries, including North Carolina, are still considering the idea.
Dennis Porter, founder of the Satoshi Fund, described the law as a moment of penetration. His group is working to persuade state leaders throughout the country to treat bitcoin as a strategic origin. “The first thing that is more difficult,” Porter said, adding that the success of New Hampshire is likely to inspire others to act.
While the US federal government has not yet created an encryption reserve, former President Donald Trump recently expressed his support for such a plan. However, federal agencies such as the Treasury are still declining how such a reserve can be organized.
🇺🇸 Update the state reserve race
New Hamebeshere becomes the first country to enhance bitcoin reserve legislation!
Governor Iot HB 302 fell into law this morning. https://t.co/lvj4bff2bxu pic.twitter.com/4vnbqy51p
Bitcoin Laws (Pitcoin_laws) May 6, 2025
Now it is official: the United States creates a strategic bitcoin reserve!
