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A New Hampshire House committee passed the US state’s Bitcoin reserve bill in a 16-1 vote on March 5 — making it the latest US state to send a Bitcoin bill to the House for a full floor vote.The House Commerce and Consumer Affairs Committee’s <a href="https://gc.nh.gov/bill_Status/billinfo.aspx?id=707&amp;inflect=2" rel="noopener noreferrer nofollow">passing</a> of House Bill 302 makes it one of seven live US state bills to have made it to the House, <a href="https://bitcoinlaws.io/reserve-race" rel="noopener noreferrer nofollow">according</a> to Bitcoin Laws.If passed, the bill would allow New Hampshire’s treasurer — at their discretion — to invest 5% from the general fund, the revenue stabilization fund or any other funds authorized by the legislature.&nbsp;<blockquote class="twitter-tweet">NEW HAMPSHIRE Update: Bitcoin Reserve Bill HB302 has passed the House Commerce and Consumer Affairs Committee. The vote was 16 - 1 <a href="https://t.co/7DpzFzxgda" rel="noopener noreferrer nofollow">pic.twitter.com/7DpzFzxgda</a>— Bitcoin Laws (@Bitcoin_Laws) <a href="https://twitter.com/Bitcoin_Laws/status/1897460378306846935?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 6, 2025</a></blockquote>While Bitcoin (<a href="https://cointelegraph.com/bitcoin-price" rel="noopener noreferrer nofollow">BTC</a>) isn’t specifically mentioned in the bill, only digital assets that have averaged a $500 billion market cap over the last calendar year are eligible for inclusion, meaning Bitcoin is the only digital asset that currently meets this criteria.Any digital asset acquired must be held by a qualified custodian or in the form of an <a href="https://cointelegraph.com/learn/articles/different-types-of-etfs" rel="noopener noreferrer nofollow">exchange-traded product.</a>The bill would also authorize New Hampshire’s treasurer to invest in precious metals like gold, silver and platinum.The New Hampshire bill was <a href="https://cointelegraph.com/news/new-hampshire-north-dakota-strategic-bitcoin-reserve-bills" rel="noopener noreferrer nofollow">introduced by Republican Keith Ammon</a> on Jan. 10. Ammon’s House Bill 302 was also co-sponsored by Democrats Chris McAleer and Carry Spier. <figure><img src="https://s3.cointelegraph.com/uploads/2025-03/0195698d-02c9-7ab5-a451-3f664e44c694" title="" alt="New Hampshire Bitcoin bill passes through House committee in a landslide"><figcaption>Source: <a href="https://x.com/Dennis_Porter_/status/1897465951987360008" rel="noopener noreferrer nofollow">Dennis Porter</a></figcaption></figure>In the March 5 House committee session, Ammon <a href="https://www.youtube.com/watch?v=wC0MOvbLYug" rel="noopener noreferrer nofollow">noted</a> the bill was amended to remove stablecoins and the potential for staking.&nbsp;He also added that New Hampshire’s Treasurer Monica Mezzapelle has expressed an interest in investing in assets from the bill at some point, should it be passed.The bill initially proposed that the treasurer could allocate up to 10% of these assets into the selected funds before it was amended to 5%.Related:<a href="https://cointelegraph.com/news/bitcoin-volatility-soars-crypto-reserve-tariff-jitters" rel="noopener noreferrer nofollow"> Bitcoin volatility soars amid US crypto reserve, tariff jitters</a>New Hampshire joins North Carolina, Oklahoma and Texas, as the states are now awaiting a full vote from their respective houses, while <a href="https://cointelegraph.com/news/utah-bitcoin-reserve-bill-heads-second-senate-reading" rel="noopener noreferrer nofollow">one Utah</a> and two Arizona bills have already passed that stage.<figure><img src="https://s3.cointelegraph.com/uploads/2025-03/0195698d-0891-7408-a859-9c13b157c426" title="" alt="New Hampshire Bitcoin bill passes through House committee in a landslide"><figcaption>Race to implement a strategic Bitcoin reserve at the US state level. Source: <a href="https://bitcoinlaws.io/reserve-race" rel="noopener noreferrer nofollow">Bitcoin Laws</a></figcaption></figure>Regulatory progress at the state level comes as US President Donald Trump announced a <a href="https://cointelegraph.com/news/trump-says-digital-asset-stockpile-include-sol-xrp-ada" rel="noopener noreferrer nofollow">Crypto Strategic Reserve</a> on March 2 that would include Bitcoin, Ether (<a href="https://cointelegraph.com/ethereum-price" rel="noopener noreferrer nofollow">ETH</a>), XRP (<a href="https://cointelegraph.com/xrp-price-index" rel="noopener noreferrer nofollow">XRP</a>), Solana (<a href="https://cointelegraph.com/solana-price-index" rel="noopener noreferrer nofollow">SOL</a>) and Cardano (<a href="https://cointelegraph.com/ada-price-index" rel="noopener noreferrer nofollow">ADA</a>).However, it would likely be made up almost “entirely of Bitcoin,” Bitwise’s chief investment officer <a href="https://cointelegraph.com/news/trump-crypto-reserve-mostly-bitcoin-bigger-than-expected-bitwise" rel="noopener noreferrer nofollow">Matt Hougan said</a> on March 5.Magazine: <a href="https://cointelegraph.com/magazine/max-burwick-lawyer-sue-pump-fun-ambulance-chaser-of-crypto/" rel="noopener noreferrer nofollow">Meet lawyer Max Burwick — ‘The ambulance chaser of crypto’</a>

New Hampshire Bitcoin bill passes through House committee in a landslide

Cointelegraph

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