New Hampshire first US state to pass a 'Strategic Bitcoin Reserve' bill
Quick Take New Hampshire has become the first state to pass a “Strategic Bitcoin Reserve” bill, according to Satoshi Action Fund founder Dennis Porter. Other states, including Arizona, Illinois, Maryland, Michigan, and Texas, are mulling similar legislation, which is largely based on a plan drafted by the pro-Bitcoin nonprofit Satoshi Action Fund.
New Hampshire has become the first state to pass a “Strategic Bitcoin Reserve” bill, according to an announcement from Dennis Porter, the founder of the Satoshi Action Fund, a nonprofit policy organization dedicated to passing pro-Bitcoin legislation across the U.S.
“History just tilted toward sound money in the ‘Live Free or Die’ state. Moments ago, the New Hampshire Governor signed HB 302 into law, creating the nation’s first Bitcoin Digital Assets Reserve Fund — a policy framework lifted directly from Satoshi Action’s Strategic Bitcoin Reserve (SBR) model bill,” the nonprofit wrote in a statement on Tuesday.
The state’s HB 302 bill, signed by Governor Kelly Ayotte, enables the state treasurer to invest public funds in precious metals and digital assets with a market cap over $500 billion — a threshold currently met only by Bitcoin. The law enables the state’s treasurer to use 10% of the state’s general fund and other authorized funds to invest.
“Satoshi Action drafted the model, New Hampshire engraved it into law, and now every treasurer nationwide can follow that roadmap,” Dennis Porter, CEO Co-Founder of Satoshi Action. “HB 302 proves you can protect taxpayer money, diversify reserves, and future-proof state treasuries—all while embracing the most secure monetary network on Earth. New Hampshire didn’t just pass a bill; it sparked a movement.”
According to the bill, the state can invest in bitcoin directly or through an exchange-traded product. The treasury can also self-custody the fund or keep it with a qualified custodian.
Earlier this month, New Hampshire’s House passed HB302 in a 192-179 vote, sending it to the Senate, which passed the bill in a 4-1 vote on April 23. Rep. Keith Ammon was the primary sponsor of the bill.
Other states, including Arizona, Illinois, Maryland, Michigan, and Texas, are also mulling strategic crypto initiatives. On Monday, the Florida State Senate “indefinitely postponed” two crypto-related bills that would have helped establish a Bitcoin reserve for the state.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Intel announces acquisition of Israeli unicorn Classiq, CEO Chen Liwu: Will build a full-stack quantum computing business
Intel announced the acquisition of Israeli quantum computing startup Classiq, with the deal expected to be completed in the first half of 2027. This acquisition will integrate Classiq's quantum algorithm software platform with Intel's silicon-based qubit hardware capabilities, creating a full-stack quantum computing business covering both hardware and software, thereby addressing Intel's shortcomings in the quantum software layer.
Apple responds to iPhone Duo foldable screen cracking issue: admits a small number of devices are affected, advises users to apply for replacement
Apple stated in its announcement that the company is "aware of an issue affecting a small number of iPhone Duo devices' internal screens" and recommends affected users contact AppleCare for replacement. Apple also emphasized that the vast majority of Duo devices are not affected by this issue, and defective units typically show symptoms in a short period of time. According to the teardown and review platform iFixit, the issue is caused by damage to internal hinge components, which subsequently leads to screen cracking, rather than a defect in the display panel itself.
Expectations for merger with SpaceX (SPCX.US) continue to rise; Wall Street bearish sentiment towards Tesla (TSLA.US) hits lowest level in over 11 years.
As the potential merger between Tesla and SpaceX becomes increasingly realistic, Wall Street analysts are rapidly turning bullish on the electric vehicle manufacturer.
Anthropic (ANT.US) pushes for US IPO! Goldman Sachs and Morgan Stanley lead 22 investment banks in underwriting. Google (GOOGL.US) and Amazon (AMZN.US) contribute nearly half of revenue. Risks in the computing power supply chain attract attention.
Anthropic is accelerating its IPO process, with Goldman Sachs and Morgan Stanley leading a syndicate of 22 investment banks as underwriters. However, the prospectus reveals that the company is highly dependent on sales channels and computing power supplied by tech giants such as Google, Amazon, and Microsoft. The significant commitments to procuring computing power and risks in the advanced chip supply chain have also attracted market attention.
Crypto prices
More
