New Hampshire made history by being the first American state to Approve a Strategic Bitcoin Reserve Act.
New Hampshire introduces a Innovative Regulatory Framework for State Reserves in Bitcoin
The law HB 302signed by the governor Kelly Ayotteestablishes a Advanced policy framework Inspired by the model proposed by Satoshi actionAn organization that promotes Bitcoin adoption in public finance. This law, which will take effect 60 days after formal approval, sets the stage for New Hampshire Start accumulating Bitcoin and Digital assets In its reserve fund.
The bill allows the State advocate To buy bitcoin and other digital assets, with one important condition: the owners must have a Market capitalization exceeds 500 billion dollars. As for today, only Bitcoin meets this requirement, making it the only fitting digital asset.
Moreover, the regulations set a maximum limit of 5% of the total state reserve For Bitcoin investments, thus ensuring that this cryptocurrency acts as a supplement and not a dominant element of state financial strategy.
Decreased allocation provides for the diversity of state portfolio, which protects taxpayers from excess and excessive exposure, while embracing the change related to digital properties.
Maximum security and transparency for digital reserves
One of the most important aspects of the new law relating to Preserving digital assets. Regulation requires that any bitcoin or digital asset held by the treasurer will be maintained at regulated custody in the United States. This is done through a multi-signature purse system that is directly regulated by the state, or through qualified guardians or products exchanged exclusively with US exchanges.
This proposal is aimed at ensuring Maximum security, Long -term stabilityTransparency, and responsible fiscal management, basic aspects when discussing public funds and tax protection.
The scope of the initiative: a model for the United States
Dennis Porter, CEO and co-founder of Satoshi Action, described this law as a true milestone:
“Satoshi Action wrote the model, New Hampshire is engraved in law, and now every overseer across the country can follow that roadmap. The HB 302 Bill shows how it is possible to protect taxpayers' money, varying reserves, and prepare the future of public finances by embracing the world's most secure money.
This recognition emphasizes strategic importance for the whole country: New Hampshire charts are a concrete path for the public financial adoption of Bitcoin, showing how local governments can integrate digital ownership in a safe and regular way.
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The protagonists of the law
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Among the major supporters of this regulation are standing:
- The representative Keith Ammon (R-Hillsborough 40), a well-known Bitcoin advocate to lawmakers.
- The Leader Della Maggoranza Jason Osbornewhich plays an important role in promoting the bill.
- Ian HuyettMember of the New Hampshire Blockchain Council, who led the lobbying and mobilization of local support.
This Bipartisan coalition features how interesting in cryptocurrencies can unite different factions around an innovative perspective for the future of public finance.
Satoshi's Action: Advocates of a new digital policy
The non-profit organization Satoshi Action plays a decisive role in shaping and promoting this revolutionary law. Through a significant track record, the organization has contributed to approve more than six bull laws that are desirable to Bitcoin in various state constituents and have shown more than twenty identical bear bill measures nationwide.
Satoshi Action supports Bipartisan policies in favor Finance innovation, Resilience of Public Financeand the integration of digital government -level ownership, with a long -term focus.
The potential impact of the law on the strategic reserves Bitcoin Approved to New Hampshire
This law puts New Hampshire on the role of a pioneer of a new trend in the United States. The proposal can be acknowledged by a wave of Bitcoin adoption of state financeOther local governments are encouraged to evaluate the benefits of a similar approach.
The initiative, in fact, promises many benefits:
- Innovazione Finanziaria: Integrare Bitcoin Potential Adotare First Tecnologia Pionieristica Nel Campo Monetario.
- Different -Public Reserves: Reduce the hope of traditional properties.
- Finance elastic: Using the Bitcoin Network's intrinsic security to protect state savings.
- Long -term strategic planning: Prepare public finances for challenges in the economic future.
The enthusiasm around this law shows that public finance can change maintenance even by embracing digital ownership.
The New Hampshire has taken a Historical steps in the world of public finance By approved of the first law to investments in bitcoin and digital assets. This decision will open important prospects for the management of state funds, showing how it is possible to combine security and change. Other states may follow this example, starting a real movement toward a new digital economy at the government level.
So it's time for governments and citizens to reflect the role of digital ownership in public financial techniquesConsidering the benefits, dangers, and chances of an emerging world of economy.
