Three new draft laws at the state level in the United States took place in the law
This week, three US states have enriched bills related to bitcoin in law.
On Tuesday, New Hampshire became The first case To sign a draft law law that allows the creation of a Bitcoin Strategic Reserve (SBR).
On Wednesday, Sanzona has a second year of bitcoin, blockchain, and digital assets.
Also on Wednesday, Oregon Governor signed a bill in law that updates the state’s commercial law to make it recognize digital assets such as Bitcoin as a guarantee.
New Hamshire can now create SBR
On Tuesday, New Hampshire signed HB302 In the law, which makes it the first country in the history of the United States with a legal status to create SBR.
The new law enables the state treasurer to invest in digital assets whose market value is more than $ 500 billion. (Bitcoin is the only digital origin that currently meets these standards.)
Although the law does not specifically call SBR, it enables the state treasurer to create one.
This historic law was enacted thanks to efforts Representative Keith AmmonThe main sponsor of this bill related to bitcoin as well as I am free They are currently working on their way through the legislative body in New Hampshire.
The enactment of this new law came in the aftermath of Arizona barely The enactment of a draft law similar to the law.
Arizona governor of the Bitcoin bill, but another signed
On May 2, Arizona Governor Katie Hobbes was exposed SB1025Which would have enabled the treasurer and retirement system to invest 10 % of their available money in virtual currencies.
The text contained in the draft law stated that the draft law may be cited as a “bitcoin strategic reserve law in Arizona”, and it was stated that the term virtual currency indicates “a digital representation of the value that works as a way to exchange, a unit of accounts and store value other than the representation of United States or foreign currency.”
Many were quick to shed light on the reversal of the ruler Hobbes for this draft law was a political error.
Perhaps the message has arrived in the ruler Hobbes, as it occurred, yesterday HB2749A draft law that creates Digital asset reserves at the state levelin law.
HB2749 The current state laws amend the financial property that is not required to enable the state to claim bitcoin or other digital assets that have been abandoned “or” not required “after three years.
According to this new law, Arizona will look at the abandoned or non -demanding digital assets when the owner of the digital assets did not contact electronically with the calculation of digital assets, and conducted transactions in the account of digital assets, and/or behave on any relevant account that the owner maintains.
Bitcoin is not demanding and other digital assets that the state brings to a reserve.
This is the ruler of the second draft law on bitcoin signed in recent weeks.
It also occurred HB2342 In the law on April 18.
This new law states that provinces may not prevent individuals from accessing or using calculations legally or from running the Blockchain knot at the property.
The new Origon state law is perceived by Bitcoin as a guarantee
Yesterday, I signed the governor of Oregon Tina Cotik SB167 in law.
New law updates Unified Trade Code in Oregon (UCC) To integrate digital assets.
The new law amends Article 9 of UCC, which allows the use of digital assets such as Bitcoin as a guarantee of mortgage payments, for example.
Article 12 also offers UCC, which works to create a legal framework for “controlled electronic records”, which include cryptocurrencies and symbolic records.
The new law sets the basis for bitcoin and other digital assets that will be used in traditional financial products in Oregon.
Capture speed
Before this week, three other bills related to bitcoin were enacted in the law.
This includes the following:
- Utah HB0230Which was signed by the governor of Utah on March 12, which set definitions and an organizational framework for digital assets
- Kentucky HB701Which was signed by the Kentucky Governor on March 24, who provided definitions and protection for individuals and companies that participate with digital assets
- Arizona HB2342Which I discussed earlier in this piece
If the activity we saw this week is any indication of what will come, we may see the bitcoin legislation proposed much more in the law in the coming weeks and months.
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