New Hampshire: the first US state to approve the law on the Strategic Bitcoin Reserve

New Hampshire made history by becoming the first American state to approve a law on the Strategic Bitcoin Reserve, a measure that officially authorizes the state Treasurer to invest in Bitcoin and other digital assets as part of the public financial reserves.

New Hampshire introduces an innovative regulatory framework for state reserves in Bitcoin

The law HB 302, signed by Governor Kelly Ayotte, establishes an advanced policy framework inspired by the model proposed by Satoshi Action, an organization that promotes the adoption of Bitcoin in public finances. This legislation, which will come into effect 60 days after formal approval, sets the stage for New Hampshire to begin accumulating Bitcoin and digital assets in its reserve fund.

The bill allows the State Treasurer to purchase Bitcoin and other digital assets, with an essential condition: the assets must have a market capitalization exceeding 500 billion dollars. As of today, only Bitcoin meets this requirement, making it the only eligible digital asset. 

Furthermore, the regulations set a maximum limit of 5% of the total state reserves for investments in Bitcoin, thus ensuring that this cryptocurrency serves as a complement and not a dominant component of the state’s financial strategy. 

This reduced allocation allows for diversification of the state portfolio, protecting taxpayers from excessive and volatile exposures, while embracing innovation related to digital assets.

Maximum security and transparency for digital reserves

One of the most significant aspects of the new law concerns the custody of digital assets. The regulation requires that any Bitcoin or digital asset held by the treasurer be maintained in regulated custody in the United States. This is done through a multisig (multi-signature) wallet system directly controlled by the state, or through qualified custodians or products traded exclusively on U.S. exchanges.

This measure aims to ensure maximum security, long-term stability, transparency, and responsible fiscal management, fundamental aspects when discussing public funds and taxpayer protection.

The scope of the initiative: a model for the United States

Dennis Porter, CEO and co-founder of Satoshi Action, described this law as a true milestone: 

“Satoshi Action wrote the model, New Hampshire engraved it into law, and now every treasurer nationwide can follow that roadmap. The HB 302 bill demonstrates how it is possible to protect taxpayers’ money, diversify reserves, and prepare the future of public finances by embracing the world’s most secure monetary network. New Hampshire didn’t just pass a law; it started a movement.”

This recognition underscores the strategic importance for the entire country: New Hampshire charts a concrete path for the adoption of Bitcoin in public finances, demonstrating how local governments can integrate digital assets in a secure and regulated manner.

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The protagonists of the law

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Among the key supporters of this regulation stand out:

• The deputy Keith Ammon (R-Hillsborough 40), a well-known promoter of Bitcoin among legislators.
• The Leader della Maggioranza Jason Osborne, who played a crucial role in promoting the bill.
• Ian Huyett, member of the New Hampshire Blockchain Council, who led the lobbying and mobilization of local support.

This bipartisan coalition highlights how the interest in cryptocurrencies can unite different factions around an innovative vision for the future of public finances.

Satoshi Action: promoters of a new digital policy

The non-profit organization Satoshi Action played a decisive role in shaping and promoting this revolutionary law. With a significant track record, the association contributed to the approval of over six bull laws favorable to Bitcoin in various state jurisdictions and has presented more than twenty similar bear bill proposals across the country.

Satoshi Action supports bipartisan policies that favor financial innovation, public finance resilience, and the integration of digital assets at the governmental level, with a focus on the long term.

The potential impact of the law on the Strategic Bitcoin Reserve approved in New Hampshire

This law places New Hampshire in the role of a pioneer of a new trend in the United States. The measure could indeed trigger a wave of Bitcoin adoption in state finances, encouraging other local governments to evaluate the benefits of a similar strategy.

The initiative, in fact, promises several advantages:

• Innovazione finanziaria: integrare Bitcoin significa adottare una tecnologia pionieristica nel campo monetario.
• Diversification of public reserves: reduce dependence on traditional assets.
• Financial resilience: leverage the intrinsic security of the Bitcoin network to protect the state’s savings.
• Long-term strategic planning: prepare public finances for future economic challenges.

The enthusiasm around this law demonstrates that public finance can evolve sustainably even by embracing digital assets.

New Hampshire has taken a historic step in the world of public finance by approving the first law on investments in Bitcoin and digital assets. This decision opens important prospects for the management of state funds, demonstrating how it is possible to combine security and innovation. Other states might soon follow this example, initiating a true movement towards a new digital economy at the governmental level.

It is therefore time for governments and citizens to reflect on the role of digital assets in public financial strategies, considering the benefits, risks, and opportunities of an evolving economic world.