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US New Hampshire House Commerce Committee Passes Bitcoin Reserve Bill

Suehyeon Lee

Summary

The US New Hampshire House Commerce Committee has passed a Bitcoin reserve bill.
If the bill receives final approval, New Hampshire will be able to invest up to 5% of its general fund and revenue stabilization fund in Bitcoin.
The bill passed with an overwhelming majority of 16 to 1 and is now headed for a floor vote.

The New Hampshire House Commerce Committee has passed the 'Digital Asset Investment Bill (HB302)', which is essentially a Bitcoin (BTC) reserve bill.

According to Cointelegraph on the 6th (local time), the New Hampshire House Commerce Committee passed the Digital Asset Investment Bill with 16 votes in favor and 1 against. This means the bill will now move forward to a floor vote.

If the bill receives final approval, the New Hampshire State Treasurer will have the discretion to invest up to 5% of the general fund and revenue stabilization fund from funds approved by the legislature in Bitcoin.

BTC