- The HB302 of New Hampshire continues with a vote of 16-1 committee, allowing Bitcoin and Gold to be in state reserves
- Bill’s two -part support from Bill strengthens his opportunities to pass the entire house and the senate voices
New Hampshire Wetgevers say ‘yes’ to Bitcoin -Reserve
The House of Representatives of New Hampshire has advanced A bill that the State could make one of the first in the United States to allocate Treasury funds to Bitcoin [BTC] And precious metals.
House Bill 302 (HB302) received a decisive 16-1 vote of approval from the Commerce and Consumer Affairs Committee on March 5. The bill will now continue with an amendment and is placed on the consent calendar, which increases its chances of a quick passage.
Source: Bitcoin laws
If determined, the legislation would enable the treasurer to invest up to 10% of public funds in gold, silver, platinum, stablecoins and digital assets that meet strict market capitalization thresholds.
The proposal indicates a shift in investment strategies at state-level-growing institutional interest in alternative assets.
Bitcoin -Bulls weigh
The bill has attracted the attention of industrial proponents and policy groups for cryptocurrency. For example – Dennis Porter, CEO of the Satoshi Act Fund, confirmed the involvement of his organization in shaping legislation. By doing, he also praised public representative Ammon for his leadership.
Source: X
The provisions of security and risk management of the bill suggest cooperation with industry experts, in particular when defining digital custody requirements. The strong support of financial and cryptocurrency policy groups could influence other states that consider similar legislation.
What’s in HB302?
The legislative journey of HB302 started on January 7 when it was entered With only Republican sponsorship. Primary sponsorship came from representative Keith Ammon, with co-sponsorship of representatives Calvin Beauler, Mark Warden, Jason Osborne, Joe Sweeney and Joe Alexander, together with senators Daryl Abbas, Kevin Avard and Keith Murphy-All Republicans.
Under HB302, the state treasury of the state could assign part of the public resources to alternative assets. These include gold, silver and platinum, physically stored or through products traded with exchange. It would also make investments in Stablecoins possible, which brings exposure to digital dollar equivalents.
Source: Legiscan
Bitcoin and other digital assets with a market capitalization of more than $ 500 billion are also eligible for investments. This ensures that the state focuses on established cryptocurrencies, rather than speculative tokens.
An investment limit of 10% balance potential profit with risk management. It makes exposure to alternative assets possible without too many funds from the taxpayer.
This cautious approach is in stark contrast to the failed Bitcoin reserve bill of Montana. That proposal included crypto and Precious Metals Investments, but was rejected in a 41-59 votes on 25 February.
HB302 maintains strict security measures for managing bitcoin and precious metals. Digital assets must be stored using one of the three approved methods.
The first option is Direct State Custody, where the government retains exclusive control over cryptographic tests. The second is the use of qualified preservators and ensures safe management of third parties. The third allows investments through listed products, offering Bitcoin exposure without direct activa acts.
For direct custody, the Multi-Party Governance account requires approvals of transactions. It is also required regular security audits and encrypted environments to prevent cyber threats.
Similar security rules apply to precious metals. They can be stored in vaults controlled by the state or are held by trusted preservators.
Does New Hampshire win the Crypto Race of the State?
With HB302 progress to grow List of states that investigate the official adoption of cryptocurrency. Some jurisdictions have pursued the clarity of the regulations, but few have proposed direct state investments in Bitcoin or digital assets.
Source: Bitcoin laws
New Hampshire’s approach is striking because the Bitcoin treats as a strategic reserve, rather than just regulatory care. The threshold of $ 500 billion market capital effectively limits the initial investments to Bitcoin, but the framework allows room for future expansion if other digital assets grow in scale.
Mark
Although the CAP of 10% limits the immediate market effect, the symbolic value of Bitcoin investment at state level could have broader implications. If HB302 becomes a law, this could influence other states to consider a similar policy, which accelerates the integration of Bitcoin into government financing.
The bill also proposes the State to generate proceeds from its participations by means of lending or expanding, provided that the assets remain under state control. This provision reflects an advanced concept of digital asset markets that go beyond simple price speculation.
The relocation of New Hampshire also coincides with recent federal developments that are in favor of crypto-friendly policy. Only a few days ago, the US Senate voted 70-27 to withdraw the controversial Defi broker rule of the IRS, a decision supported by the White House. President Trump’s government has indicated a pro-Crypto attitude and called the IRS rule an “11th hour attack on the cryptoma community”.
What is happening now?
With HB302 on the way of supporting a strong committee, the bill is now confronted with a further legislative assessment. The placement of the consent calendar increases the probability of the passage, although a definitive mood in the entire house and the Senate will determine fate.