New Hampshire became the first state to allow its public funds to invest in encryption assets with its ruler signing the new law on Tuesday.
The state beat a number of others over this year because what began as an attack in the legislator’s momentum in the state has faced roadblocks in recent weeks. Since the first to allow the Fund’s Secretary to create such a reserve, New Hampshire may overcome the United States government in forming stock as well.
“New Hampshire is again in the first place in the nation,” “the ruler of New Hamebeshire Kelly Ayot, my Republic in its first year in his position, It was published on the social networking site x.
the New Hampshire Bell It is allowed to invest up to 5 % of public funds in digital assets that have at least $ 500 billion in the market value, and currently leaves bitcoin (BTC) As the only qualified origin.
“We are very enthusiastic about the victory that happened in New Hampshire,” said Dennis Porter, founder of the Satoshi Fund, who prompted legislators in the United States to follow up reserves. Tell Coindesk in an interview that he hopes to follow her example.
“The first one is the most difficult, so much,” Porter said. “The existence of a state has already been accomplished, and it will really increase the political momentum.”
Republicans in the State Council in New Hampshire It was also published on X Tuesday, their country is officially proud of the first country to lay the basis for the Bitcoin Strategic Reserve. “
They wrote: “The free and free mandate leads the way to falsify the future of trade and digital assets.”
Arizona was the first country to obtain a similar measure to its ruler’s office, but the legislation was VetoAlthough other draft laws are still waiting to look at the ruler there. Florida also has She withdrew her own effortsJoining A number of other countries Where the batch of reserves faded. But North Carolina is still a strong competition, because its efforts Payed by the prominent legislator.
President Donald Trump called for his administration to create his bitcoin reserves and a separate coding stock, although the Treasury is still studying what the federal government that can be directed to these final boxes.
Read more: Sherba Po Heins says at Trump’s encryption legislation about the goal for a quick completion
Update (May 6, 2025, 17:46 UTC): Updates with a comment from Dennis Porter, founder of the Satoshi Labor Fund.
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