Efforts to make Bitcoin reserves in the hands, gaining a grip in the United States, where Florida and New Hampshire take important steps this week.
On 10 April, the House of Representatives of New Hampshire House Bill 302 (HB 302) approved a narrow mood of 192–179.
The bill previously adopted the Commerce and Consumer Affairs Committee and moved to the Senate for further consultation. If that obstacle is deleted, it goes to Governor Kelly Ayotte for definitive approval.
HB 302 gives the State treasurer to allocate a maximum of 10% of the state funds to a combination of digital assets and noble metals.
However, it maintains strict guidelines. Only cryptocurrencies with a minimum market capitalization of $ 500 billion are eligible for investments. Bitcoin is currently the only digital active that meets this threshold.
In the meantime, the bill also outlines how the state should process the detention. Digital assets must be held directly by the treasurer of the state who uses safe storage, via a qualified custodian or via a registered listed product.
It also enables the treasurer to borrow or expand, provided that the state retains legal ownership and uses an approved solution from third parties.
With this progress, New Hampshire is the fourth state that has adopted such legislation in one room, after Arizona, Oklahoma and Texas.
The Bitcoin Reserve Bill from Florida
The strategic Bitcoin -Reserve Bill HB487 from Florida has also made progress.
The insurance and banking sub-committee of the State unanimously approved the road for further revision on the floor of the house.
This marks the first time that an SBR account of the State has adopted a committee phase without opposition, which indicates rare dual support. Previously, most proposals of this nature are obvious by the Democrat legislators, mainly due to concern about digital assets volatility and exposure to risks.
According to the bill, Bitcoin is considered a hedge against inflation by sovereign states and large institutional players, including BlackRock and Franklin Templeton. The legislation emphasizes the importance of giving the state access to tools such as Bitcoin to help protect his finances against inflation.
Representative Webster Barnaby, the sponsor of the bill, believes that this movement could position Florida as a leader in digital finances. The proposal also includes clear guidelines for guardianship and allows investments through direct purchase or regulated investment products.