On Tuesday EST, lawmakers in New Hampshire voted to pass a bill, making the state the first state in the US to establish cryptocurrency reserves. New Hampshire Governor Kelly Ayot wrote on X, “A new law has just been signed that allows our state to invest in cryptocurrencies and precious metals.” The tweet refers to the HB 302 bill, which allows the state government to invest as much as 5% of public funds in precious metals and digital assets with a market capitalization of over $500 billion — in the cryptocurrency sector, only Bitcoin fits this requirement. Under the bill, state treasurers will be able to hold digital assets using secure escrow solutions or through exchange-traded products. The bill has now been passed and will become law within 60 days. The passage of this bill not only makes New Hampshire the first state in the US to establish crypto reserves, but also means that the state has gone further than the federal government on the path of crypto reserves.

On Tuesday EST, lawmakers in New Hampshire voted to pass a bill, making the state the first state in the US to establish cryptocurrency reserves. New Hampshire Governor Kelly Ayot wrote on X, “A new law has just been signed that allows our state to invest in cryptocurrencies and precious metals.” The tweet refers to the HB 302 bill, which allows the state government to invest as much as 5% of public funds in precious metals and digital assets with a market capitalization of over $500 billion — in the cryptocurrency sector, only Bitcoin fits this requirement. Under the bill, state treasurers will be able to hold digital assets using secure escrow solutions or through exchange-traded products. The bill has now been passed and will become law within 60 days. The passage of this bill not only makes New Hampshire the first state in the US to establish crypto reserves, but also means that the state has gone further than the federal government on the path of crypto reserves.