New Hampshire governor signs crypto reserve bill into law

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Kelly Ayotte, the Governor of New Hampshire, signed a invoice into legislation permitting the state’s treasurer to put money into cryptocurrencies, together with Bitcoin (BTC).

In a Could 6 discover, Ayotte announced on social media that New Hampshire could be permitted to “put money into cryptocurrency and treasured metals” by means of a invoice handed within the state Senate and Home of Representatives. Home Invoice 302, launched in New Hampshire in January, will permit the state’s treasury to make use of funds to put money into cryptocurrencies with a market capitalization of greater than $500 billion, eliminating many tokens and memecoins.

Law, New Hampshire, United States, Bitcoin Reserve
Signing New Hampshire’s crypto reserve invoice into legislation on Could 6. Supply: Governor Kelly Ayotte

With the signing of the invoice into legislation, New Hampshire was the primary of a number of US states contemplating passing laws to determine a strategic Bitcoin reserve, together with an initiative with the federal authorities. An analogous invoice in Arizona handed the state’s Home in April however was vetoed by Governor Katie Hobbs on Could 2.

This can be a growing story, and additional data will probably be added because it turns into out there.