Source: Cointelegraph.com NewsNew Hampshire\u2019s House and Florida\u2019s House insurance and banking committee have respectively advanced bills allowing their states to create Bitcoin reserves.
\nNew Hampshire\u2019s House passed its Bitcoin reserve bill, HB302, in a 192-179 vote on April 10 which will now head to the Senate. The state is now the fourth to pass a Bitcoin (BTC) reserve bill through one chamber, joining Arizona, Texas and Oklahoma.
\nIf HB302 clears New Hampshire\u2019s Senate and Governor Kelly Ayotte signs it into law it would allow the state\u2019s treasurer to use 10% of the state\u2019s general fund and other authorized funds to invest in precious metals and certain digital assets. The bill also sets out how they should be custodied.
\nThe bill specifies that only cryptocurrencies with a market capitalization of over $500 billion would be eligible for investment, a criteria that only Bitcoin currently meets.
\nNew Hampshire\u2019s House votes to pass HB302, the state\u2019s Bitcoin reserve bill. Source: New Hampshire House of RepresentativesIn a debate prior to the vote, Democrat Representative Terry Spahr argued that the bill is unnecessary and could undermine the future security of the state\u2019s digital assets stockpile.\u00a0
\n\u201cUnbeknownst to the committee and to the sponsor the treasurer testified that they already have that authority,\u201d Spahr said. He added that cryptocurrency is \u201cconstantly shifting and changing, and it\u2019s sort of dangerous to be kind of locked into certain types of security measures, and I think that bill does this.\u201d
\nRepublican Representative Jordan Ulery countered that the bill was necessary as it could create the \u201cpotential for a large amount of money being earned by the state in these investments.\u201d
\nNew Hampshire has two other blockchain-related bills working their way through the legislature \u2014 HB310, which covers stablecoins and real-world asset tokenization (RWA) and HB 639, which deals with blockchain regulation and dispute resolution.
\nFlorida House Committee passes Bitcoin reserve bill\u00a0
\nMeanwhile on April 10, Florida\u2019s House Insurance and Banking Committee passed the state\u2019s Bitcoin reserve bill, HB487, with a unanimous vote.
\nThe bill has three committees to clear before it progresses to Florida\u2019s House.<\/p>\n
WATCH: Florida House Committee PASSES Bitcoin Reserve BillThe Insurance and Banking Committee passed HB 487 unanimously todayIncluding moving testimony from bill sponsor Rep. Webster Barnaby pic.twitter.com\/myAlNvtFl9\u2014 Bitcoin Laws (@Bitcoin_Laws) April 10, 2025<\/p>\n
Similar to New Hampshire\u2019s bill, HB487 would allow Florida\u2019s chief financial officer and the State Board of Administration to invest up to 10% of certain state funds \u2014 including the General Revenue Fund and the Budget Stabilization Fund \u2014 into Bitcoin. Source: Cointelegraph.com NewsNew Hampshire\u2019s House and Florida\u2019s House insurance and banking committee have respectively advanced bills allowing their states to create Bitcoin reserves. New Hampshire\u2019s House passed its Bitcoin reserve… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126952"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126952"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126952\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126952"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nThe bill\u2019s sponsor, Republican Representative Webster Barnaby pleaded with the Committee before the vote \u201cto vote up on this very important bill\u201d which he claimed would \u201cput Florida in the leading edge of this very new technology.\u201d
\nRelated: US federal agencies to report crypto holdings to Treasury by April 7
\nFlorida\u2019s bill gives the state\u2019s financial chief the ability to invest in digital assets directly, through certain qualified custodians, or through exchange-traded products and details security and custody requirements.
\nAccording to Bitcoin Laws, which tracks the progress of digital assets legislation, Arizona is currently leading the race to become the first US state to establish a strategic Bitcoin reserve.\u00a0
\nSource: Bitcoin LawsOn March 24, two digital assets reserve bills, SB1373 and SB1025, cleared Arizona\u2019s House Rules Committee and are now headed to the state\u2019s House for a full floor vote.\u00a0
\nIf passed by the House, the bills would then need the signature of Arizona\u2019s Democratic governor, Katie Hobbs to become law.
\nMagazine: Financial nihilism in crypto is over \u2014 It\u2019s time to dream big againRead More<\/a><\/p>","protected":false},"excerpt":{"rendered":"