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New Hampshire BTC Investment Bill HB302 Clears Second Senate Committee
Another US State, New Hampshire, has added a new milestone as House Bill 302 has passed its second Senate Committee. The bill mentions permission to the state to invest in Bitcoin and valuable metals
In January 2025, the bill was introduced, and as of now, it has cleared four major legislative stages. In the beginning, the bill got a 16-1 vote in the House Commerce and Consumer Affairs Committee.
Later on, it passed in the full House on April 10 by a close 192-179 margin. After getting passed to the Senate, the bill was reviewed in its Second Committee. This time, on April 23, the bill received a 4-1 vote
As per the bill, it will permit the State treasurer to invest up to 10% of the public funds and other authorized pools into valuable metals and choose digital assets having a market capitalization of more than $500 billion. In the current scenario, this eligibility is only fulfilled by Bitcoin.
The Democratic Representative of the House, Terry Spahr, slammed the measures and called it unnecessary. He also warned that it could jeopardize the long-term security of the state’s digital asset holdings
To this statement, a Republican Representative Jordan Ulery replied in favor of the bill and stated the potential for a major portion of money to be earned by the state through these investments.
US Active Participation in Digital Asset Adoption
The US is actively participating in expanding digital asset adoption, and the progress of the HB302 bill in New Hampshire is a positive addition to it
As of the recent data provided by Bitcoin Laws, around 20 states are considering plans to introduce the bill, and 23 have already introduced it
Four states, including Oklahoma, Utah, Arizona, and Texas, became successful in passing their Bitcoin reserve bill out of committee
FXStreet reports that if these bills are enacted, the states can purchase Bitcoin, which could potentially take up to $23 billion or 247,000 BTC
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