New Hampshire Legalizes State Investment in BTC and Precious Metals
The post New Hampshire Legalizes State Investment in BTC and Precious Metals appeared on BitcoinEthereumNews.com. Governor Kelly Ayotte signed the bill into law on May 6. Meanwhile, controversy is mounting at the federal level, with President Trump facing bipartisan backlash over his personal involvement in cryptocurrency, including his TRUMP meme coin and a planned gala for major holders. The situation intensified political divisions in Congress, and also stalled crypto legislation as Democrats and Republicans clash over ethics, regulation, and the president’s financial ties to the crypto industry. New Hampshire Takes the Lead in Crypto Adoption New Hampshire officially became the first US state to authorize government investment in cryptocurrencies, including Bitcoin, after the signing of House Bill 302 into law by Governor Kelly Ayotte. The bill was introduced in January and passed by both chambers of the state legislature. It allows the state treasury to allocate funds into cryptocurrencies and precious metals. However, the legislation limits these investments to digital assets with a market capitalization of more than $500 billion, which effectively narrows the scope to major players like Bitcoin and Ethereum while excluding most smaller tokens and meme coins. Governor Ayotte announced the move on social media on May 6, which signals a new era for state-level crypto adoption. The state’s Republican leadership praised the bill by stating that New Hampshire is setting the pace for integrating digital assets into public financial strategy. The decision puts the “Live Free or Die” state at the forefront of a growing movement among US states to explore the creation of strategic crypto reserves. This development happened during broader national discussions about the role of cryptocurrency in government financial planning. At the federal level, President Donald Trump issued an executive order earlier this year to establish a “Digital Asset Stockpile” and a “Strategic Bitcoin Reserve.” Meanwhile, Senator Cynthia Lummis proposed the BITCOIN Act, which suggests that the US…
The post New Hampshire Legalizes State Investment in BTC and Precious Metals appeared on BitcoinEthereumNews.com.
Governor Kelly Ayotte signed the bill into law on May 6. Meanwhile, controversy is mounting at the federal level, with President Trump facing bipartisan backlash over his personal involvement in cryptocurrency, including his TRUMP meme coin and a planned gala for major holders. The situation intensified political divisions in Congress, and also stalled crypto legislation as Democrats and Republicans clash over ethics, regulation, and the president’s financial ties to the crypto industry. New Hampshire Takes the Lead in Crypto Adoption New Hampshire officially became the first US state to authorize government investment in cryptocurrencies, including Bitcoin, after the signing of House Bill 302 into law by Governor Kelly Ayotte. The bill was introduced in January and passed by both chambers of the state legislature. It allows the state treasury to allocate funds into cryptocurrencies and precious metals. However, the legislation limits these investments to digital assets with a market capitalization of more than $500 billion, which effectively narrows the scope to major players like Bitcoin and Ethereum while excluding most smaller tokens and meme coins. Governor Ayotte announced the move on social media on May 6, which signals a new era for state-level crypto adoption. The state’s Republican leadership praised the bill by stating that New Hampshire is setting the pace for integrating digital assets into public financial strategy. The decision puts the “Live Free or Die” state at the forefront of a growing movement among US states to explore the creation of strategic crypto reserves. This development happened during broader national discussions about the role of cryptocurrency in government financial planning. At the federal level, President Donald Trump issued an executive order earlier this year to establish a “Digital Asset Stockpile” and a “Strategic Bitcoin Reserve.” Meanwhile, Senator Cynthia Lummis proposed the BITCOIN Act, which suggests that the US…
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