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crypto.news 2025-01-10 17:46:59

Bitcoin reserve law pitched in New Hampshire

AA new bill introduced by Rep. Keith Ammon could allow New Hampshire’s treasury to hold Bitcoin as a reserve asset. The Republican Representative Keith Ammon proposed legislation that would establish a strategic Bitcoin ( BTC ) reserve for the state, enabling the state’s treasury to custody BTC alongside traditional assets like gold, silver, and platinum. Rep. Ammon’s bill includes “secure custody solutions” to safeguard New Hampshire’s potential BTC stash. Even states now need a crypto wallet as adoption skyrockets. If passed, New Hampshire could become a leader in the push for state-controlled Bitcoin reserves. However, it faces stiff competition from other states considering similar measures. BIG BREAKING: A bill to create a ‘Strategic Bitcoin Reserve’ has been introduced in the State of New Hampshire by @RepKeithAmmon . pic.twitter.com/5lAqFpopda — Dennis Porter (@Dennis_Porter_) January 10, 2025 You might also like: Texas, Ohio, and Pennsylvania to create the state-level Bitcoin reserves. What are these bills? As previously reported, Texas, Ohio, and some 10 other U.S. states considered BTC treasury legislation. Lawmakers like Cynthia Lummis also advocated for a BTC reserve at the federal level. The idea of a U.S.-based Bitcoin reserve gained momentum last year, driven in part by former President Donald Trump’s campaign to appeal to the crypto voting bloc. Trump pledged to make the U.S. a global leader in cryptocurrency and proposed building a Bitcoin stockpile from the government’s existing 207,000 BTC holdings. Now, less than two weeks into 2025, predictions that more jurisdictions would move to adopt Bitcoin reserves are starting to materialize. In addition to U.S. states, countries like Brazil and Poland have also begun exploring the concept of holding Bitcoin in their national treasuries. Read more: 2024 Crypto OTC trading surged 106% YoY: Finery