A Bitcoin reserve bill introduced in New Hampshire is advancing after a successful committee vote.
Bill Provisions
House Bill 302 proposes allowing New Hampshire's treasurer to invest up to 5% of the general fund into digital assets and precious metals. To be included in the reserve, a cryptocurrency must have maintained an average market cap of at least $500 billion over the past year. Initially, the proposal included 10% allocation and stablecoins, but these provisions were amended.
Committee Approval and Next Steps
The bill passed the New Hampshire House Commerce and Consumer Affairs Committee with a 16-1 vote. If passed, it will move to a full House vote, followed by final approval in the Senate.
Comparison with Other US States
Currently, only seven US states, including New Hampshire, have advanced Bitcoin-related bills to the House level. Utah is leading in pushing Bitcoin legislation, having advanced their own bills further than most states.
If the bill is passed, it will mark an important step for New Hampshire in integrating digital assets into the state’s financial reserves.
