The batch is gained to add Bitcoin to government treasury bonds momentum in New Hampshire, where legislators are submitting a bill that can allow the state to carry bitcoin as part of its official reserves.
On April 10, the New Hampshire House acknowledged the House of Representatives Law 302 in a 192-179 vote, making it the fourth state to submit a bill linked to Bitcoin through a legislative room.
The draft law now will move to the Senate in the state for further study. If it is approved, then he will go to the office of the Governor Kelly Ayot for the final signature before the law becomes.
What is Bill Bill 302?
When it becomes a law, the House of Representatives Law 302 will allow the Fund Secretary of the State to allocate up to 10 % of the state’s funds or any other funds approved in terms of legislative in Bitcoin and choose precious metals such as gold, silver and platinum.
To qualify for investment, the digital asset must have maintained the average market value of more than $ 500 billion during the past year.
Currently, Bitcoin is the only origin that meets this standard.
The draft law also sets strict custody requirements. The assets can either be kept directly by the state by resolving a safe nursery, by a qualified guardian, or through a trading product for exchange.
The idea is to maintain safe state possessions while continuing to give them a field of growth.
Originally, the draft law included Stablecoins and the proposed rulings to include stokeing, but these provisions were removed later.
The remainder is a simplified version that focuses only on high -drawing and firm assets like bitcoin.
HB302 Part of a broader legislative effort in New Hampshire to address Blockchain policy and digital asset policy.
Legislators also review two other laws focusing on Stablecoins, asset symbol in the real world and organizational clarity of Blockchain.
HB310 calls for a committee to study Stablecoins and assets in the real world.
The committee will evaluate legal models, identify potential risks, and issue recommendations on how the state deals with these technologies.
HB639, on the other hand, focuses on legal protection and clarity on Blockchain use.
Arizona leads the strategic reserve race
According to Bitcoin laws, which track bills related to encryption across the country, Arizona is still the candidates in this state level.
It was also covered previously on Invezz, two of the two draft laws of Arizona, SB 1373 and SB 1025, cleared the House of Representatives Bases Committee in March.
SB1373 will create a new fund managed by the state made of seized digital assets and government funds, while SB1025 will allow current public funds to invest up to 10 % in Bitcoin if the Federal Reserve is created.
If either of them is signed in the law, Arizona will become the first state to officially launch a bitcoin reserve using a combination of seized encryption and allocated public funds.
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