House Committee Approves Bitcoin Reserve Bill
New Hampshire has taken a significant step toward Bitcoin adoption, as its House Commerce and Consumer Affairs Committee approved House Bill 302 with a 16-1 vote.
The bill would allow the state treasurer to allocate up to 5% of public funds into Bitcoin, alongside gold, silver, and platinum.
Trump’s Support for a U.S. Crypto Reserve
On a national level, President Donald Trump has expressed support for state-led Bitcoin reserves, as part of his broader plan to integrate Bitcoin and Ethereum into a U.S. Crypto Reserve.
Trump’s administration has recently encouraged multiple states to explore Bitcoin-based financial reserves as part of a push for digital asset adoption.
New Hampshire Joins Other States Embracing Bitcoin
New Hampshire is the latest U.S. state to consider holding Bitcoin as part of its financial strategy. Other states moving in the same direction include:
- Utah: Advancing a 5% Bitcoin allocation bill
- Texas: Proposing a Bitcoin Strategic Reserve
- Arizona & Oklahoma: Passing early-stage Bitcoin investment bills
Under HB 302, only digital assets with a market cap exceeding $500 billion would be eligible—making Bitcoin the sole qualifying asset under the current framework.
Not All States Are On Board
While New Hampshire moves forward, other states remain skeptical about Bitcoin reserves. Recently, South Dakota, Montana, and Pennsylvania rejected similar proposals, citing volatility concerns.
With increasing momentum for state-backed Bitcoin adoption, New Hampshire’s bill now moves to the House floor for further debate and potential approval.
