On May 6, 2025, Governor Kelly Ayotte signed the Strategic Bitcoin Reserve Law, setting a precedent for other states.
Signing of the Bitcoin Reserve Law
Governor Kelly Ayotte's approval of the Bitcoin Reserve Law positions New Hampshire as the first state in the USA to allow cryptocurrency investments, opening up new opportunities for public funding.
Support and Conditions of the Law
The law was introduced by Representative Keith Ammon and supported by Majority Leader Jason Osborne. Under the law, the state treasurer can invest up to 5% of the treasury's assets in Bitcoin, the only cryptocurrency eligible. All assets must be stored with US-regulated custodians or in exchange-traded products for regulatory compliance.
Future Prospects and Market Impact
While New Hampshire's contribution to Bitcoin market liquidity is limited, such state-level actions could promote cryptocurrency adoption by other states. This opens the pathway for broader investment in digital assets in the future.
The Bitcoin Reserve Law in New Hampshire highlights the openness of governmental institutions to innovation and may serve as a model for other states regarding cryptocurrency.
