New Hampshire Bitcoin Bill HB302 Advances
New Hampshire’s Bitcoin reserve bill HB302 clears Senate committee with 4-1 vote, moving closer to becoming law.
- Bitcoin reserve bill HB302 passes Senate committee
- New Hampshire edges toward holding Bitcoin reserves
- Final floor vote next in legislative process
New Hampshire Takes a Big Step Toward Bitcoin
In a landmark development for crypto legislation in the U.S., New Hampshire’s Bitcoin bill HB302 has successfully passed the Senate Ways & Means Committee with a 4-1 vote. This major step means the bill will now move forward to its Third Reading and then to a final floor vote in the Senate.
HB302 would authorize the state to study the feasibility of holding Bitcoin as a reserve asset—a bold move that aligns with growing interest in integrating digital assets into public finance. If the bill passes the floor vote, New Hampshire could become one of the first U.S. states to formally explore Bitcoin as part of its financial strategy.
What HB302 Means for the State
The bill proposes the creation of a commission to examine the logistics, risks, and benefits of the state holding Bitcoin. This includes studying custody solutions, accounting standards, and legal considerations. While it doesn’t mandate the immediate purchase of BTC, it lays the groundwork for possible future adoption.
Supporters of the bill argue that it positions New Hampshire at the forefront of financial innovation and gives the state a hedge against inflation and traditional financial system instability. Critics, however, express concerns about volatility and legal hurdles associated with digital assets.
Eyes on the Final Vote
The advancement of HB302 is being closely watched by both crypto enthusiasts and policy makers across the country. If New Hampshire’s Senate gives final approval, it could set a precedent for other states to explore similar strategies.
The bill reflects a growing movement across the U.S. to legitimize Bitcoin not just as an investment, but as a financial tool for public institutions. With the final floor vote looming, all eyes are now on New Hampshire’s legislative chamber.
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