New Hampshire's Bold Move: Bitcoin Bill Passes House, Eyes Senate Next

Granite State Joins the Crypto Charge

Hold onto your hats, folks! New Hampshire just threw its hat into the crypto ring, becoming the fourth state to push a Bitcoin reserve bill through its House. The vote? A nail-biting 192-179 on April 10. This bill, HB302, had already cruised through the House Commerce and Consumer Affairs Committee with a whopping 16-1 vote back in March.

Next Stop: The Senate

Now, HB302 is speeding towards the Senate, where it'll face more debate before possibly landing on Governor Kelly Ayotte's desk. If she signs off, the state treasurer will be greenlit to stash up to 10% of New Hampshire's cash into digital assets and shiny metals like gold, silver, and platinum. Talk about a treasure chest!

Bitcoin's Got the Muscle

But wait, there's a catch! Only cryptocurrencies that've flexed an average market cap of $500 billion over the last year get to join the party. Right now, Bitcoin's the only one beefy enough to make the cut.

Debating the Future

During the heated session, bill supporters were all about opening new money-making doors and shaking up the financial scene. Republican Representative Jordan Ulery was pumped, saying the bill could rake in serious dough for the state by diving into high-value assets like Bitcoin.

More Crypto Action in New Hampshire

But that's not all! New Hampshire's also juggling two other blockchain bills, HB310 and HB639, diving into stablecoins, real-world asset tokenization, and broader blockchain rules.

A Growing Trend

New Hampshire's now riding alongside Arizona, Texas, and Oklahoma as the fourth state to get a Bitcoin reserve bill past one chamber. Across the nation, 47 of these strategic bills have been tossed into the ring across 26 states, with Arizona's bills leading the regulatory race.

Florida Jumps In Too

And guess what? On the same day, Florida's House Insurance and Banking Subcommittee unanimously pushed forward their own Bitcoin reserve bill, HB487. They're ready to let their Chief Financial Officer play with up to 10% of public funds in the crypto sandbox.