New Hampshire Bitcoin bill passes House committee with overwhelming support

ChainCatcher news, the New Hampshire House Business Committee passed the Bitcoin Reserve Bill (HB302) with a vote of 16 to 1, which will now move to the full House for a vote. If ultimately passed, the state treasurer will be authorized to invest 5% of the state fund in digital assets, with Bitcoin currently being the only asset that meets the bill's requirement of a $500 billion market cap.

The bill was introduced by Republican Representative Keith Ammon and received support from two Democratic representatives. After amendments, it removed stablecoin and staking options, and the investment cap was reduced from the initial 10% to 5%. The state treasurer has indicated that they will consider investing if the bill passes.

This development coincides with President Trump's announcement to establish a national-level cryptocurrency strategic reserve, with experts predicting that this reserve may primarily consist of Bitcoin. Currently, several states, including North Carolina and Texas, are also advancing similar bills, indicating an accelerating trend in state-level Bitcoin legislation in the United States.