The New Hampshire Home Home and Florida’s Insurance and Banking Committee have respectively advanced bills that allow their states to create Bitcoin reserves.
New Hampshire’s house passes its Bitcoin Reserve Bill, HB302, in a 192-179 Vote On April 10 that will now go to the Senate. The state now is the quarter that passes a bitcoin (Btc) Reserve bill through a room, joining Arizona, Texas and Oklahoma.
If HB302 deleted the New Hampshire Senate and the governor Kelly Ayotte signed it in the law, it would allow the state manager to use 10% of the state’s general funding and other authorized funds to invest in precious metals and some digital ownership. The bill also determines how they should be custodied.
The bill states that only cryptocurrencies with market capitalization of more than $ 500 billion are eligible for investment, a standard that currently meets Bitcoin.
Votes at New Hampshire’s house to pass HB302, the State’s Bitcoin Reserve Bill. Source: New Hampshire House of Representative
In a debate before the vote, Democrat representative Terry Spahr argued that the bill was not required and could break the future stockpile security of the state’s digital assets.
“The committee and the sponsor (…) did not know the overseer that they already had that authority,” Spahr said. He added that cryptocurrency is “constant shift and change, and it’s kind of dangerous to be kind of locked into certain types of security measures, and I think Bill is doing it.”
Republican Jordan Ulery represents that the bill is required as it can create “potential for a large amount of money that the state has earned in these investments.”
New Hampshire has two other blockchain-related bills working through the legislature-HB310, which covers Stablecoins and real-world asset tokenization (RWA) and HB 639, which refers to blockchain regulation and dispute resolution.
The Florida House Committee passes the Bitcoin Reserve Bill
Meanwhile on April 10, Florida’s insurance and banking committee passed the State’s Bitcoin Reserve BillHB487, with a united vote.
The bill has three committees to clean up before it develops at Florida’s home.
NOTE: The Florida House Committee passes the Bitcoin Reserve Bill
Insurance and Banking Committee passed HB 487 united today
Includes the transfer of testimony from bill sponsor Rep. Webster Barnaby pic.twitter.com/myalnvtfl9
– Bitcoin Laws (@bitcoin_laws) April 10, 2025
Similar to the New Hampshire bill, HB487 will allow Florida’s Chief Financial Officer and the State Board of Administration to invest up to 10% of some state funds – including the General Revenue Fund and the budget stabilization fund – in Bitcoin.
The sponsor of the bill, Republican Representative Webster Barnaby pleaded with the committee before the vote “to vote on this very important bill” he claimed to “place Florida on the top edge of this very new technology.”
Related: US Federal Agencies to Report Crypto holders to Treasury on April 7
Florida’s bill gives the state financial leader the ability to invest in digital assets directly, through some qualified guardians, or through products exchanged exchanges and details of security and precautionary requirements.
According to In Bitcoin’s laws, which monitors the development of the law of digital assets, Arizona is currently leading the race to become the first US state to establish a strategic bitcoin reserve.
Source: Bitcoin Laws
On March 24, two Digital Assets Reserve Bill, SB1373 and SB1025, That -Clear the Committee of Arizona home rules And now heading to the state’s house for a full floor vote.
If the Chamber passed, the bills would need the signature of the Democratic Governor of Arizona, Katie Hobbs to be the law.
Magazine: Financial nihilism finished in crypto – it’s time to dream again big
