New Hampshire House passes Bitcoin reserve bill in close vote

The New Hampshire Bitcoin reserve bill adopted the State House, which makes the fourth state to advance this legislation in a single chamber.

On April 10, the New Hampshire House voted 192-179 in favor of the bill of Chamber 302 after erased the Chamber’s Commerce and Consumer Committee with a 16-1 vote At the beginning of March.

The bill is now going to the Senate, where he will face a new debate before potentially landing on the office of Governor Kelly Ayotte for final approval.

If it is reported, HB302 Authorize the state treasurer to allocate up to 10% of the New Hampshire general fund, the income stabilization fund or any other fund approved by law in certain digital and precious metals, including gold, silver and platinum.

To be eligible for inclusion in the reserve, a cryptocurrency must have maintained an average market capitalization of at least $ 500 billion in the previous calendar year, a threshold currently reached by Bitcoin.

During the debate on the session, supporters of the bill supported that it could open new paths for the generation of income and financial diversification. According to the Republican representative Jordan Ury, the measure presented the “potential of a large sum of money earned by the State” thanks to strategic investments in high -value assets such as Bitcoin.

States legislators also examine two other proposals focused on blockchain, HB310, which deals with stablescoins and the tokenization of active world, and HB639, which describes the wider blockchain regulations and dispute settlement mechanisms.

New Hampshire joins ArizonaTexas and Oklahoma as the fourth state to see a Bitcoin reserve bill erase a chamber of its legislator.

According to Bitcoin law data, 47 Bitcoin reserve strategic invoices were introduced in 26 states. Two Arizona bills are currently in the lead in terms of regulatory progress.

In related news, the same day, the Florida insurance subcommittee has unanimously increased its Bitcoin reserve bill, HB487This would authorize the State Director of the State to invest up to 10% of certain public funds.