Editor's PiCK
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.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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