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New Hampshire’s Bitcoin measure volition present beryllium voted connected successful the House aft its House commerce committee voted successful favour of the measure successful a 16-1 vote.
A New Hampshire House committee passed the US state’s Bitcoin reserve measure successful a 16-1 ballot connected March 5 — making it the latest US authorities to nonstop a Bitcoin measure to the House for a afloat level vote.
The House Commerce and Consumer Affairs Committee’s passing of House Bill 302 makes it 1 of 7 unrecorded US authorities bills to person made it to the House, according to Bitcoin Laws.
If passed, the measure would let New Hampshire’s treasurer — astatine their discretion — to put 5% from the wide fund, the gross stabilization money oregon immoderate different funds authorized by the legislature.
NEW HAMPSHIRE Update:
Bitcoin Reserve Bill HB302 has passed the House Commerce and Consumer Affairs Committee.
The ballot was 16 - 1 pic.twitter.com/7DpzFzxgda
While Bitcoin (BTC) isn’t specifically mentioned successful the bill, lone integer assets that person averaged a $500 cardinal marketplace headdress implicit the past calendar twelvemonth are eligible for inclusion, meaning Bitcoin is the lone integer plus that presently meets this criteria.
Any integer plus acquired indispensable beryllium held by a qualified custodian oregon successful the signifier of an exchange-traded product.
The measure would besides authorize New Hampshire’s treasurer to put successful precious metals similar gold, metallic and platinum.
The New Hampshire measure was introduced by Republican Keith Ammon connected Jan. 10. Ammon’s House Bill 302 was besides co-sponsored by Democrats Chris McAleer and Carry Spier.
Source: Dennis Porter
In the March 5 House committee session, Ammon noted the measure was amended to region stablecoins and the imaginable for staking.
He besides added that New Hampshire’s Treasurer Monica Mezzapelle has expressed an involvement successful investing successful assets from the measure astatine immoderate point, should it beryllium passed.
The measure initially projected that the treasurer could allocate up to 10% of these assets into the selected funds earlier it was amended to 5%.
Related: Bitcoin volatility soars amid US crypto reserve, tariff jitters
New Hampshire joins North Carolina, Oklahoma and Texas, arsenic the states are present awaiting a afloat ballot from their respective houses, portion one Utah and 2 Arizona bills person already passed that stage.
Race to instrumentality a strategical Bitcoin reserve astatine the US authorities level. Source: Bitcoin Laws
Regulatory advancement astatine the authorities level comes arsenic US President Donald Trump announced a Crypto Strategic Reserve connected March 2 that would see Bitcoin, Ether (ETH), XRP (XRP), Solana (SOL) and Cardano (ADA).
However, it would apt beryllium made up astir “entirely of Bitcoin,” Bitwise’s main concern serviceman Matt Hougan said connected March 5.
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English (US) ·