New Hampshire has captured the spotlight in the cryptocurrency world after its Commerce and Consumer Affairs Committee advanced a Bitcoin reserve bill. This decision makes New Hampshire one of seven U.S. states actively supporting Bitcoin-related legislation.
New Hampshire Bitcoin Reserve Bill
On March 5, New Hampshire's committee passed the Bitcoin reserve bill with a 16-1 vote. If the bill clears all legislative hurdles, the New Hampshire treasurer would be able to allocate up to 5% of state funds into Bitcoin or precious metals. While the bill does not explicitly mention Bitcoin, it stipulates that eligible digital assets must have maintained an average market capitalization of at least $500 billion in the past year, a threshold only Bitcoin currently meets.
Political Support for Bitcoin in the USA
New Hampshire is not alone in its efforts. North Carolina, Oklahoma, and Texas also await decisions on their Bitcoin-related bills, while Utah and Arizona have already advanced in this direction. These actions highlight a nationwide trend towards adopting Bitcoin in state-level treasury management.
Potential and Interest in Bitcoin in the USA
Additionally, momentum for Bitcoin-friendly policies is growing at the federal level. On March 2, U.S. President Donald Trump announced plans for a crypto strategic reserve, which may include Bitcoin, Ethereum, and other assets. New Hampshire Treasurer Monica Mezzapelle has already shown interest in Bitcoin investments should the bill be approved.
With New Hampshire's initiative and similar actions in other U.S. states, it is becoming clear that Bitcoin is gaining political traction and may become part of state financial strategies. This process could signal a new era in the use of digital assets in government finances.
