For the first time in the United States, a law on the reserve of bitcoin was adopted at the state level. The governor of New Hampshire Kelly Iott signed the corresponding bill today.
New Gampshire became the first state to successfully implement the plan about the reserve of Bitcoin. The success of New Hampshire is especially significant, especially after recent failures in Florida and Arizona.
New Gampshire adopts a law on backing bitcoin
Until today, the initiative to create a reserve of bitcoins at the state level in the United States looked disappointing. Today, two bills were rejected in Florida. A few days earlier, the governor of Arizona imposed a veto on another similar bill.
However, New Hampshire went against this trend and created the first strategic crypto-cutter in the United States.
It is important that the adopted law is not limited only to bitcoin. In addition to the possibility of buying and storage of BTC, it allows the state to purchase any crypto -actors with a market capitalization of more than $ 500 billion. Today it is only BTC, but in the future other currencies can join it. If Ethereum or XRP has reached this threshold, the staff will be able to acquire these altcoins as part of its reserve.
Who is next
The successes of New Hampshire in creating a reserve of bitcoin can be an example for other states. They will provide valuable lessons on how this system works in practice. Other governments will be able to study on the experience of New Hampshire to improve their legislative initiatives.
Meanwhile, the national plan of the Bitcoin reserve of the Trump administration remains unclear. The initial decree gave the Ministry of Finance 60 days to evaluate plans to create a reserve of digital assets. This period has expired yesterday, but there are no updates yet.
The Governor of New Gampshire has not yet announced how much BTC state plans to purchase. However, the bill allows the New Hampshire to allocate up to 5% of the total volume of state funds for the purchase of bitcoins. In 2026-2027, the total state fund is $ 16 billion in expenses. It will be interesting to see what part of this amount will go to buy BTC.
Be in the know! Subscribe to Telegram.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
