New Hampshire has made history as the first State in America to adopt the Strategic Bitcoin Reserve Bill into law. Months after Rep. Keith Ammon introduced the bill, it has now become law. The New Hampshire plan to gain exposure to Bitcoin is based on the model created by the Satoshi Action Fund, a firm affiliated with BTC bull Dennis Porter.
New Hampshire Breaks the Bitcoin Reserve Myth
According to the Press Release shared on X by Porter, the HB 302 Bill is now law, the first of its kind in the country. Under the new law, the State treasurer can buy Bitcoin and another digital asset with a market capitalization of at least $500 billion. Notably, only BTC fits this requirement.
The New Hampshire BTC Bill was introduced in January and moved closer to adoption as the House assented in March. With the proposed law, the state can hold up to 5% of its funds in digital currencies.
This move complements the general trend in the United States, where different regions are now contemplating whether to proceed with crypto reserves.
This is a breaking news, please check back for updates!!!
The post Breaking: New Hampshire Becomes First US State To Pass Strategic Bitcoin Reserve Bill appeared first on CoinGape.
