New Hampshire Bitcoin Reserve Bill to Enter Full House Voting Stage

According to BlockBeats, on March 6th, the New Hampshire House Committee passed the state's Bitcoin Reserve Act with a vote of 16 to 1 on March 5th, making it the latest US state to submit a Bitcoin related bill to the House for a full vote. The 302nd bill passed by the House Committee on Commerce and Consumer Affairs makes it one of the seven Bitcoin related bills currently under review in the US House of Representatives. If the bill is passed, the treasurer of New Hampshire will be authorized - but not mandatory - to invest up to 5% of funds from general funds, income stabilization funds, or other funds authorized by the state legislature. Although the bill does not explicitly mention Bitcoin (BTC), it stipulates that only digital assets with an average market value of $500 billion in the past year meet the investment criteria, which means that currently the only digital asset that meets this condition is Bitcoin. In addition, the bill authorizes the New Hampshire Treasurer to invest in precious metals such as gold, silver, and platinum. The bill was proposed by Republican Congressman Keith Ammon on January 10th and co sponsored by Democratic lawmakers Chris McAleer and Carry Spier.