A New Hampshire Home committee handed the US state’s Bitcoin reserve invoice in a 16-1 vote on March 5 — making it the most recent US state to ship a Bitcoin invoice to the Home for a full ground vote.
The Home Commerce and Client Affairs Committee’s passing of Home Invoice 302 makes it certainly one of seven stay US state payments to have made it to the Home, according to Bitcoin Legal guidelines.
If handed, the invoice would permit New Hampshire’s treasurer — at their discretion — to speculate 5% from the overall fund, the income stabilization fund or another funds approved by the legislature.
NEW HAMPSHIRE Replace:
Bitcoin Reserve Invoice HB302 has handed the Home Commerce and Client Affairs Committee.
The vote was 16 – 1 pic.twitter.com/7DpzFzxgda
— Bitcoin Legal guidelines (@Bitcoin_Laws) March 6, 2025
Whereas Bitcoin (BTC) isn’t particularly talked about within the invoice, solely digital belongings which have averaged a $500 billion market cap during the last calendar yr are eligible for inclusion, which means Bitcoin is the one digital asset that at present meets this standards.
Any digital asset acquired should be held by a professional custodian or within the type of an exchange-traded product.
The invoice would additionally authorize New Hampshire’s treasurer to put money into treasured metals like gold, silver and platinum.
The New Hampshire invoice was introduced by Republican Keith Ammon on Jan. 10. Ammon’s Home Invoice 302 was additionally co-sponsored by Democrats Chris McAleer and Carry Spier.
Supply: Dennis Porter
Within the March 5 Home committee session, Ammon noted the invoice was amended to take away stablecoins and the potential for staking.
He additionally added that New Hampshire’s Treasurer Monica Mezzapelle has expressed an curiosity in investing in belongings from the invoice in some unspecified time in the future, ought to or not it’s handed.
The invoice initially proposed that the treasurer may allocate as much as 10% of those belongings into the chosen funds earlier than it was amended to five%.
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New Hampshire joins North Carolina, Oklahoma and Texas, because the states at the moment are awaiting a full vote from their respective homes, whereas one Utah and two Arizona payments have already handed that stage.
Race to implement a strategic Bitcoin reserve on the US state stage. Supply: Bitcoin Laws
Regulatory progress on the state stage comes as US President Donald Trump introduced a Crypto Strategic Reserve on March 2 that would come with Bitcoin, Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA).
Nevertheless, it could probably be made up virtually “totally of Bitcoin,” Bitwise’s chief funding officer Matt Hougan said on March 5.
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