The bill passed with a vote of 16 to 1. House Bill 302 is one of seven Bitcoin-related bills currently awaiting a vote in the U.S. House of Representatives.
If the bill is finally passed, the New Hampshire Treasury would be authorized to invest up to 5% of its General Fund, Fiscal Stabilization Fund, or any other fund approved by the state Legislature in digital assets.
The bill does not explicitly mention Bitcoin, but only digital assets with an average market capitalization of at least $500 billion over the past fiscal year are eligible for investment.
Currently, only Bitcoin meets this standard. All digital assets acquired under the bill must be stored in a licensed trustee or in the form of an exchange-traded fund (ETF).
The bill includes provisions allowing for investment in not only digital assets, but also precious metals such as gold, silver and platinum.
2025/03/06 17:26 KST
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