The state of New Hampshire is moving towards establishing a Bitcoin reserve following committee approval of the respective bill.
Bill Approval and Content
Introduced by Republican Keith Ammon on January 7, House Bill 302 was approved by the House Commerce and Consumer Affairs Committee with a 16–1 vote. The bill allows the state treasurer to invest up to 5% of certain funds into eligible digital assets and precious metals, including Bitcoin, gold, silver, and platinum. For a cryptocurrency to be included in the reserve, it must have maintained an average market capitalization of at least $500 billion over the past year. Currently, Bitcoin is the only asset meeting this requirement.
Current Status of Bills in Other States
According to Bitcoin Laws, only seven U.S. state bills, including New Hampshire’s, have advanced to the House level. Other states with Bitcoin-related bills at this stage include North Carolina, Oklahoma, and Texas, while Utah and Arizona are the only two to have progressed beyond this stage. Dennis Porter, CEO of Satoshi Act Fund, believes Utah could be the first state to pass Bitcoin-related legislation, which could encourage broader adoption.
Federal Bitcoin Regulation Initiatives
Meanwhile, momentum for Bitcoin regulation is building at the federal level. President Donald Trump is expected to unveil a comprehensive Bitcoin reserve strategy at the upcoming White House Crypto Summit on March 7, which could shape the national approach to digital assets.
The Bitcoin Reserve Bill in New Hampshire could become a significant stepping stone in engaging states with digital investments and may also prompt broader discussions at the federal level.
