New Hampshire's House of Representatives has advanced a bill allowing treasury investments in Bitcoin and precious metals.
Details of HB302
If enacted, the bill would allow New Hampshire’s treasurer to invest up to 10% of public funds in gold, silver, platinum, stablecoins, and digital assets meeting certain market capitalization thresholds. This move reflects a growing interest in alternative assets among institutions.
Security Measures and Future Implications
HB302 includes strict security measures for managing Bitcoin and precious metals. Digital assets must be stored using one of three approved methods: direct state custody, using qualified custodians, or through exchange-traded products. If the bill becomes law, it could influence other states to consider similar policies.
Support and Further Review
The bill has drawn attention from industry advocates and cryptocurrency policy groups. Dennis Porter, CEO of the Satoshi Act Fund, confirmed his organization’s involvement in shaping the legislation and praised Representative Ammon for his leadership. With strong committee support, the bill now awaits further legislative review.
With its placement on the Consent Calendar, the likelihood of the bill's passage increases, though a final vote in the full House and Senate will determine its fate.
