New Hampshire creates first reserve in US Bitcoin

Lawmakers in New Hampshire voted to pass the account that establishes First State Crypto Reserve.

“The new Hampshire is once again first in the nation!” Kelly Ayotte Governor’s Governor wrote on X. “He just signed a new law that allows our condition to invest in cryptocurrency and precious metals.”

Tweet refers to HB 302The draft law that allows the State Blight to invest as much as 5% of the new Hampshire public funds in precious metal and digital assets with a market cap of over 500 billion dollars. Among the cryptoms of tokens, it would only turn on Bitcoin.

Digital property will hold a civilian treasurer using a safe custody decision or by foreign exchange trading. Now that it was past, the account will become a law in 60 days.

The passage of the CRIPTO Reserve account not only is the new Hampskir only that the first country has established a reserve, but the state also disappeared a step further from the federal government.

A National Bitcoin Reserve He was a key priority for the crypto bulls who cheered the presidential victory of Donald Trump, but his policy has broken so far. Trump administration issued an order to create US reserves, but would only be in stock with Bitcoin already owned by the GovernmentNo promise to buy more.

Bitcoin fans claim that federal and state governments should stock token as a vernette against inflation and instability in the traditional financial system and legislation was presented in countries across the country.

Some of these efforts, however, lost their pairs. By March, Bills failed to advance in Montana, Vioming, North Dakota and Pennsylvania. Last week, Florida became the latest state Drag the bills for reserves.

Proponents for the American Reserve claimed that his creation could speed up similar supplies through jurisdiction, and even the world, pushing the price of Bitcoin. The upper token was on Tuesday afternoon, trading in $ 94,800.