New Hampshire first US state to pass a 'Strategic Bitcoin Reserve' bill
Powered by @unfolded- New Hampshire has become the first U.S. state to pass a "Strategic Bitcoin Reserve" bill, allowing the state treasurer to invest public funds in Bitcoin and other digital assets.
- The bill, HB 302, enables investment of up to 10% of the state's general fund in assets with a market cap over $500 billion, primarily Bitcoin.
- This legislation is based on a model drafted by the Satoshi Action Fund, which aims to promote pro-Bitcoin policies across the country.
- Other states like Arizona, Illinois, Maryland, Michigan, and Texas are considering similar initiatives, although Florida recently postponed its related bills.