New Hampshire has enacted the nation’s first state-level strategic BTC reserve law, establishing a framework for allocating a portion of state funds to BTC and a select number of digital assets.
On May 6, Governor Kelly Ayotte signed House Bill 302 (HB 302), authorizing the state’s treasurer to hold BTC in a regulated reserve structure. The model policy, developed by the nonprofit Satoshi Action Fund, aims to formally establish BTC as a state government financial reserve asset.
The bill, introduced by Rep. Keith Ammon (R-Hillsborough 40th District), was originally introduced in 2022 and passed with the help of Majority Leader Jason Osborne, the New Hampshire Blockchain Commission, and other local supporters.
The law allows the Secretary of the Treasury to purchase BTC and other digital assets with a market value of more than $500 billion. Currently, only BTC meets this standard.
The holding limit is 5% of the state reserve portfolio, and it must be guaranteed by a U.S.-regulated custody arrangement.
Ayotte confirmed the signing of the bill on social media, saying: "New Hampshire is leading the country again! A new law has just been signed that allows our state to invest in Crypto assets and precious metals."
New Hampshire House Republicans also echoed the governor's remarks, posting that the "Unfree or Dead" state is leading the future direction of business and digital assets.
These assets will be held by state-controlled multi-signature schemes, qualified custodians, or exchange-traded products in the United States to ensure compliance and transparency. The regulation will take effect 60 days after the date of promulgation.
Dennis Porter, CEO of the Satoshi Action Fund, also issued a statement saying that House Bill No. 302 is a blueprint for national adoption.
With the approval of the bill, New Hampshire becomes the first U.S. state to enact legislation to establish a strategic BTC reserve.
According to Bitcoin Laws, 37 of the 50 U.S. states have proposed similar legislation, but most have failed to pass so far. The remaining 13 states have not yet submitted legislative proposals for state-level BTC reserves.
The Satoshi Action Fund has drafted more than 20 similar bills across the country and has been advocating for the establishment of BTC-based reserves to diversify fiscal strategies.
The organization reports having helped pass six pro-BTC state-level laws to date and claims to have facilitated over 220,000 voter letters in support of such initiatives across the country.
House Bill 302 makes New Hampshire a test case for broader state-level BTC adoption.
According to BTC Law’s “State Reserve Race” tracker, Arizona is the most likely state to become the second state to enact a strategic BTC reserve bill.
On May 1, the Senate Majority recommended agreeing to the House's amendment to Arizona Senate Bill 1373 (SB 1373). The Senate will now send the bill to the House for consideration, after which it may be sent to the Governor for signature.
North Carolina and Texas followed closely behind, and their Crypto asset reserve proposals are currently being submitted to the Senate committee for secondary consideration.
By establishing a legal reserve policy and setting operational parameters, New Hampshire has pioneered an enforceable framework for holding BTC in public fiscal accounts in the United States.
Donald Trump's sentencing in the hush money case has been delayed, potentially for years, due to legal motions and his presidency. His legal team argues for immunity, while the Manhattan DA insists the conviction should stand despite political challenges.
WeatherlyMichael Saylor plans to present a Bitcoin investment strategy to Microsoft’s board ahead of a key vote on 10 December. The proposal, backed by shareholder activism, suggests Microsoft consider Bitcoin as a potential investment, citing MicroStrategy's success with the asset.
AnaisA US congressional commission has proposed a Manhattan Project-style effort for AGI development, urging the Secretary of Defense to prioritise key AI projects amid escalating competition with China.
KikyoRussia is set to ban crypto mining in energy-stressed regions, including occupied Ukrainian territories, starting December 2024, due to power shortages. The government is also revising crypto regulations, with new tax laws and plans for national crypto exchanges.
WeatherlyReddit's r/cryptocurrency community has launched the .MOON domain, allowing users to create digital identities and engage with the blockchain ecosystem. This move expands beyond Reddit, enabling users to interact with over 865 blockchain apps and securely handle crypto assets and NFTs.
AnaisA BBC investigation links Logan Paul to undisclosed crypto wallet transactions, sparking controversy. Attempts to interview him were thwarted by a lookalike and a staged protest, leaving questions about whether he is a calculated manipulator or an unwitting participant.
CatherineIn October, Ronald Spektor stole $6.5 million through a phishing scam posing as Coinbase Support. ZachXBT's investigation reveals untraced funds and possible accomplices, offering hope for new leads from victims or insiders. But currently the trail has run cold.
KikyoSam Altman, CEO of OpenAI, earned a modest salary of $76,001 in 2023, aligning with his belief in separating personal wealth from the company’s success. However, OpenAI is now considering giving him a 7% equity stake as part of a potential transition to a for-profit model, amid leadership changes and growing investment in AI.
JoyOpenAI has launched a course with Common Sense Media to help K-12 educators integrate AI responsibly, prompting calls for clear policies to ensure data protection and student safety as AI grows in education.
CatherineA teenage crypto developer launched a meme coin, QUANT, made quick profits, then sold off his holdings, causing the price to crash. Despite backlash, investors rallied, pushing the coin’s value to $85 million, while the developer continued launching other tokens for quick gains.
Weatherly