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A committee of the New Hampshire Chamber yesterday adopted the state bill for a bitcoin reserve during a vote of 16-1 in favor of the bill.
After the vote, the New Hampshire Bitcoin reserve bill is the last one who will go to the House for a full vote.
New Hampshire Bitcoin Reserve Bill One of the seven to go home
The almost unanimous vote of New Hampshire occurs while several American states try to form theirs Bitcoin Reserves. Bitcoin laws data Shows that seven American bills of the State have reached the house so far.
The other states that have made similar legislative progress include North Carolina, Oklahoma and Texas. Meanwhile, Arizona has submitted two Bitcoin, SB1373 and SB1025 invoices, which both go home.
The UTAH Bitcoin reserve bill, HB0230, has made the most progress and awaits the Senate’s final vote, the last step before its promulgation, according to Bitcoin laws.
New Hampshire update:
Bitcoin Reserve Bill HB302 adopted the Chamber and Consumer Affairs Commercial Committee.
The vote was 16 to 1 pic.twitter.com/7dpzfzxgda
– Bitcoin Laws (@bitcoin_laws) March 6, 2025
If the New Hampshire bill is adopted, it would allow the Treasurer of the State, at their discretion, to invest 5% of the general fund, the income stabilization fund or any other fund authorized by the Legislative Assembly.
The New Hampshire reserve may include altcoins
Bitcoin is not specifically mentioned in the New Hampshire Bill, which requires that a digital asset has on average a market capitalization of $ 500 billion in the last calendar year to be eligible for inclusion.
Currently, Bitcoin is the only crypto that meets this requirement.
But altcoins, in particular Ethereum (ETH) with its market capitalization Currently at more than $ 277 billion, could be eligible in the coming years if institutions Continue their adoption of the web3 space.
Any crypto acquired for the proposed reserve must be owned by a qualified depositary or in the form of a product negotiated in exchange (ETP).
In addition to digital assets, the New Hampshire Bill also authorizes the treasurer of the State to invest in precious metals such as gold, silver and platinum.
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