New Hampshire Bitcoin Reserve Bill passed Senate committee

The evolution of New Hampshire towards the integration of digital assets in its financial strategy has taken a step forward this week while the bill of Chamber 302, which would allow the State to invest in Bitcoin and Precious Metals, adopted its second senatorial committee.

The bill, first presented In January, has now authorized four major legislative stages. HB302 began With a vote of 16-1 to the Commercial and Consumption Committee of the Chamber, followed by the passage to the Chamber completed on April 10 by a close margin from 192 to 179. After being referred to the Senate, the bill was examined in its second committee, which issuing A favorable recommendation from 4 to 1 on April 23. He is now ready for a full vote on the Senate soil.

HB302 would allow the State treasurer to invest up to 10% of the public funds of the general fund and other pools authorized in precious metals and selecting digital assets with market capitalization exceeding $ 500 billion – criteria currently encountered by Bitcoin. It also includes provisions for secure custody, either through direct management of the State, qualified guards or products negotiated on the stock market.

The bill sparked an animated debate in the state legislature. Before the room of the House, the Democratic representative Terry Spahr critical The measure as useless, warning that it could compromise long -term security of the digital assets of the state. On the other hand, the republican representative Jordan Uley defended the bill, arguing that he presents “the potential of a large sum of money won by the State through these investments”.

The adoption of digital assets becoming more and more legislative priority in the United States, New Hampshire’s progress with HB302 reflect a broader trend of experimentation at the state level with cryptographic policy. Other invoices related to blockchain, such as HB310 (covering stable And assets of the real tokenized world) and HB639 (focusing on blockchain regulation), are also being studied in the state.

According to Bitcoin lawswhich follows the progress of the legislation on the Bitcoin reserve in the American states, if HB302 is finally signed, it would make New Hampshire the third state – after Arizona and Texas – to adopt a Bitcoin reserve bill by a complete legislative chamber.