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The Defiant 2025-05-07 14:26:54

New Hampshire Breaks Ground with Crypto Reserve Law After Other States Reject Similar Proposals

New Hampshire has become the first U.S. state to approve the creation of a strategic Bitcoin reserve, setting itself apart from states like Florida, Arizona, and Wyoming, which have recently rejected similar initiatives. Signed into law on Tuesday, May 6, by Governor Kelly Ayotte, House Bill 302 (HB302) authorizes the state treasurer to invest up to 5% of New Hampshire’s public funds into qualifying digital assets, as well as precious metals. The bill outlines strict eligibility criteria, allowing only cryptocurrencies with a market capitalization of at least $500 billion over the previous 12 months — currently, only Bitcoin qualifies, with a market cap of $1.93 trillion at press time. The law is expected to take effect in 60 days. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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