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New Hampshire Pioneers Bitcoin Adoption with Historic HB 302 Legislation: A Model for State Currency Policies
By: bitcoin ethereum news|2025/05/07 06:45:05
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On May 7th, New Hampshire achieved a significant milestone by enacting HB 302, thereby becoming the first U.S. state to endorse a “live free or die” currency policy framework. This legislation implements the Satoshi Action’s Strategic Bitcoin Reserve (SBR) Model Act, allowing the state treasury to acquire **Bitcoin** and other **top-tier digital assets**. The bill empowers the government to invest up to **$5 billion in Bitcoin**, though with a prudent limit of 5% of the state’s total portfolio, ensuring that **Bitcoin** serves as a supplement rather than the sole focus of the state’s investments. The legislation mandates stringent regulatory standards for custody, stipulating that assets must be secured through state-controlled multi-signature wallets or U.S. exchange-traded products, thereby enhancing **transparency** and **security**. Implementing this framework within 60 days post-enactment offers a definitive operational guideline for the reserve. Dennis Porter, CEO of Satoshi Action, remarked that this proactive legislation not only creates a vital precedent but also liberates other state treasurers to adopt similar measures centered around **Bitcoin**, igniting a broader movement toward financial **innovation** and security. Satoshi Action, a leading nonprofit organization, champions **Bitcoin** education among policymakers. Their successful advocacy has led to six pro-**Bitcoin** laws and the introduction of more than 20 Strategic Bitcoin Reserve initiatives, demonstrating a fervent commitment to fostering informed and constructive discussions surrounding **digital asset policy**. Source: https://en.coinotag.com/breakingnews/new-hampshire-pioneers-bitcoin-adoption-with-historic-hb-302-legislation-a-model-for-state-currency-policies/
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