New Hemphire Bitcoin Reserve Bill brought the Senate Committee

The transition of the new Hampshire for the integration of digital assets in its financial strategy has entered this week as a home account 302, which would allow the state to invest in Bitcoin and noble metals, they brought their second Senate Committee.

Bill introduced In January, four main legislative phases had now cleaned. HB302 started With 16-1 voting in the Consumer’s Home and Consumer Committee, followed by a passage in full house 10. April by narrow margin 192-179. After being sent to the Senate, the account was reviewed in the Second Board, which issued Favorable recommendation from 4-1 23. April. She is now ready for full voice in the Senate area.

The HB302 will enable the civilian treasurer to invest up to 10% of the general fund and other authorized pools in precious metals and choose digital assets with market capitalization, which is currently filled by Bitcoin only. It also includes provisions for secure custody, either through direct management of state management, qualified guardians or products traded.

The bill caused a heated debate in state legislation. Votes, Democratic representative Terri Spahr criticized The measure unnecessary, warns that this could jeopardize the long-term security of state digital assets. In contrast, the Republic Representative Jordan Lelery defended the account, claiming that it represents the “potential for a large amount of money earning the state through these investments.”

With digital adoption of funds, all becomes a legislative priority throughout the United States, the progress of the new Hampshiroma with HB302 reflects the wider trend of experimentation at the state level with cryptologue. Other bills related to blockchain, such as HB310 (coverage Stablecoins And tokenized actual assets) and HB639 (Focus on Blocchain Regulation) is also considered in the state.

Toward Bitcoin LawsAdvancing the progress of Bitcoin Spare Legislations across the American countries, if the HB302 eventually applied for the right, it would make a new Hampshire third – after Arizona and Texas – that Bitcoin Legal Practice would bring legal practice.