New Hamshire Passes Bitcoin Reserve Bill, becomes the first term

On May 6, New Hampshire officially became the first state to establish a strategic bachelor’s reserve law.

Governor Ayottee signed the House of Representatives Law 302 (HB 302) in the law to create the first Bitcoin & Digital Assets on a framework submitted directly from the Bitcoin Reserve bill (SBR) in Satoshi Action.

Bitcoin strategic reserve is the law! pic.twitter.com/30Zxx9srfj

– Dennis Porter (Dennis_porter_)) May 6, 2025

The draft law allows the state fund secretary to allocate up to 5 % of the total New Hampshire funds in Bitcoin and other digital assets of market value of more than $ 500 billion.

It also requires that these holdings be kept with the guardian who organizes the United States or through the products circulating on the stock exchange. This approach will guarantee the safety of coding reserves.

HB 302 of the Bitcoin Reserve (SBR) draft law is drafted by the non -profit Satoshi work. It reflects a noisy direction to integrate decentralized money into public financing.

“Satoshi has drafted the model, and New Hampshire engraved it in the law, and now every country’s treasurer can follow this road map. HB 302 proves that you can protect taxpayer money, diversify reserves, and photograph in the future,“ Satoshi’s work.

The law will be in effect within 60 days, giving the state time to prepare its infrastructure to gain bitcoin and its contract safely.

Some popular faces behind the draft law include this MP Keith Ammon, an early lawyer from Bitcoin who first submitted typical legislation in 2022, and majority leader Jason Osborne, whom he helped direct him during the legislative process.

According to the official document, Bitcoin’s scarcity and inflation resistance can make it a strong hedge in unconfirmed economic times, such as high inflation.

The UK says no to Bitcoin Reserve

The UK decided not to create a nationalist for a bitcoin, which distinguishes it from the position of the United States government recently. Treasury Emma Reynolds announced at the top of digital assets, saying that although the United States supports Blockchain innovation, it will not store bitcoin or other cryptocurrencies.

Treasury officials believe that the building of Bitcoin reserves is not commensurate with the UK’s financial system and can harm the stability of the market in the long run.

Instead, the UK will focus on strong regulations and use Blockchain technology in public services.

Also read: Charles Schwab to launch Spot Crypto Trading within 12 months

Written by Raja Parmar

Rajpalsinh is an encryption journalist with more than three years of experience and currently works with Cryptonewsz. Throughout his journey, he sharpened skills such as improved content and developed experience in Blockchain platforms, encryption trade robots, and Hackathon news. He also wrote for Thecryptotimes, making his ability to simplify complex encryption topics his articles within the reach of a wide audience. Passionate about the constantly advanced encryption space, it remains up to industry trends to provide well -thought visions. Outside of work, Gaming works as a stretching ritual, which helps him to continue to focus and recover for his next big story. It is always keen to explore the new Blockchain innovations and its potential impact on the global financial ecosystem.