{"id":58492,"date":"2025-04-11T06:02:41","date_gmt":"2025-04-11T06:02:41","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=58492"},"modified":"2025-04-11T06:02:41","modified_gmt":"2025-04-11T06:02:41","slug":"new-hampshire-and-florida-advance-bills-to-establish-state-bitcoin-reserves","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=58492","title":{"rendered":"New Hampshire and Florida Advance Bills to Establish State Bitcoin Reserves"},"content":{"rendered":"

Legislative efforts to introduce state-level Bitcoin reserves are gaining momentum in the United States, with <\/span>both<\/span> New Hampshire and Florida advancing bills <\/span>aimed at allowing<\/span> their respective governments to hold Bitcoin as part of their financial reserves.<\/span><\/p>\n

On April 10, New Hampshire\u2019s House <\/span>passed bill HB302<\/span><\/a> in a narrow 192-179 vote. The legislation now moves to the state Senate for further debate. <\/span><\/p>\n

If approved and signed into law <\/span>by Governor Kelly Ayotte<\/span>, the bill would authorize the state treasurer to allocate up to 10% of New Hampshire\u2019s general fund and other approved state funds into investments in precious metals and digital assets.<\/span><\/p>\n

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Bitcoin Stands Alone as Only Eligible Asset Under $500B Market Cap Rule<\/span><\/h2>\n

The bill restricts investments to cryptocurrencies with a market capitalization exceeding $500 billion. At present, Bitcoin is the only cryptocurrency that meets that threshold.<\/span><\/p>\n

The bill also outlines guidelines for how such assets should be securely custodied. However, the proposal sparked debate. Democratic Representative Terry Spahr opposed the measure, noting that the state treasurer already has the authority to invest in alternative assets. <\/span><\/p>\n

He also raised concerns about locking the state into specific asset classes amid a volatile and fast-changing crypto landscape. In contrast, Republican Representative Jordan Ulery argued the bill could help the state earn significant returns through strategic crypto investments.<\/span><\/p>\n

New Hampshire is now the fourth state to have passed a Bitcoin reserve bill through at least one legislative chamber, joining Arizona, Texas, and Oklahoma. <\/span><\/p>\n

WATCH: Florida House Committee PASSES Bitcoin Reserve Bill<\/p>\n

The Insurance and Banking Committee passed HB 487 unanimously today<\/p>\n

Including moving testimony from bill sponsor Rep. Webster Barnaby pic.twitter.com\/myAlNvtFl9<\/a><\/p>\n

\u2014 Bitcoin Laws (@Bitcoin_Laws) April 10, 2025<\/a><\/p>\n\n

The state is also advancing two other blockchain-related bills\u2014HB310, which addresses stablecoins and real-world asset tokenization, and HB639, which focuses on blockchain regulation and dispute resolution mechanisms.<\/span><\/p>\n

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Florida Committee Unanimously Approves Bill to Allow State Bitcoin Investments<\/span><\/h2>\n

Meanwhile, Florida is making similar strides. On the same day, Florida\u2019s House Insurance and Banking Committee unanimously passed HB487<\/span>, a bill <\/span>that<\/span> would allow<\/span> the state\u2019s Chief Financial Officer and the State Board of Administration to invest up to 10% of select funds into Bitcoin.<\/span><\/p>\n

The bill must still pass through two more committees before it reaches the full House for a vote. Its sponsor, Republican Representative Webster Barnaby, urged the committee to support the bill, describing it as a chance to place Florida at the forefront of digital financial innovation.<\/span><\/p>\n

Florida\u2019s proposal includes detailed provisions for <\/span>how the digital assets would be managed<\/span>, including direct investments via qualified custodians and <\/span>through<\/span> exchange-traded products.<\/span><\/p>\n

A<\/span>ccording to legislative tracker <\/span>Bitcoin Laws<\/span><\/em>, Arizona remains in the lead among states p<\/span>ursuing <\/span>formal Bitcoin reserves. <\/span><\/p>\n

Two reserve-related bills there\u2014SB1373 and SB1025\u2014have cleared the House Rules Committee and await <\/span>a full<\/span> floor vote. <\/span>If passed,<\/span> they would then need Governor Katie Hobbs\u2019 signature to become law.<\/span><\/p>\n

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\n

Key Takeaways<\/h3>\n

New Hampshire and Florida are advancing bills to allow state-level Bitcoin reserves, allocating up to 10% of certain funds into BTC.<\/span> <\/p>\n

New Hampshire\u2019s bill restricts investments to cryptocurrencies with a market cap over $500 billion, <\/span>currently<\/span> qualifying only Bitcoin.<\/span> <\/p>\n

Florida\u2019s proposal includes specific custody and investment rules, while Arizona continues to lead in passing Bitcoin reserve legislation.<\/span> <\/p><\/div>\n

The post New Hampshire and Florida Advance Bills to Establish State Bitcoin Reserves<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Legislative efforts to introduce state-level Bitcoin reserves are gaining momentum in the United States, with both New Hampshire and Florida advancing bills aimed at allowing their respective governments to hold Bitcoin as part of their financial reserves. On April 10, New Hampshire\u2019s House passed bill HB302 in a narrow 192-179 vote. The legislation now moves […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-58492","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58492"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=58492"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/58492\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=58492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=58492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=58492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}