Governor Kelly Ayotte of New Hampshire has signed a law allowing the state's treasury to invest in cryptocurrency, including Bitcoin.
Signing of the Cryptocurrency Law
On May 6, Governor Kelly Ayotte announced the signing of a law that permits the New Hampshire treasury to invest in cryptocurrency and precious metals. This law, passed in the state Senate and House of Representatives, was made possible by an initiative put forward in January. House Bill 302 will allow the treasury to use funds to invest in cryptocurrencies with a market capitalization of over $500 billion.
Related Initiatives in Other States
With the signing of this law, New Hampshire becomes the first among several U.S. states considering establishing a strategic Bitcoin reserve. A similar bill in Arizona passed the state's House in April but was vetoed by Governor Katie Hobbs on May 2.
The Future of Crypto Investments in the USA
This initiative to establish Bitcoin reserves marks a step towards integrating traditional finance with the cryptocurrency market. However, approaches to regulation and the adoption of such laws may vary from state to state, making the future of crypto investments in the USA a significant topic for discussion.
With the signing of the law, New Hampshire has become a pioneer in cryptocurrency investments among U.S. states, highlighting the growing interest in this aspect of financial management.
