- The Governor of New Hampshire signed Bill HB 302 in law, allowing the state to invest in digital possession as well as other precious metals.
- In this proposal, New Hampshire became the first state to pass such a bill, while many of the US states were still struggling with it.
New Hampshire struck a major milestone after the state governor signed Bill 302 in law on May 6. The governor Posted to xciting that New Hampshire is the first in the country.
He added that he signed a new law that allowed the state to invest in digital assets as well as other precious metals. The bill was introduced at the beginning of this year, allowing the New Hampshire State Treasurer to invest up to 5% of public funds.
Investment includes areas such as precious metals such as gold and silver, or cryptocurrencies with a minimum market capitalization of $ 500 billion as every last year of calendar.
Bitcoin- the single asset that fulfills eligibility
As with every minimum standard of qualitation, at present, Bitcoin is the single digital asset that fulfills it. Keith Ammon, a New Hampshire state representative, believes that the federal government has not managed the dollar properly, thus increasing the need for consideration of these matters.
Also, according to him, this is one of the ways that the state can redeem against inflation in the coming years. The not killed 2024 Annual report It has been announced that the State of the State of New England will be held more than $ 3.62 billion by the end of last year.
5% of state public funds cost $ 181 million, and if Treasury decides to put all of them, they can have access to 1,194 BTC as per the current price.
The bill noted that having access to Bitcoin can be done directly by the Treasury through a safe conservation solution, on behalf of the state of a qualified guardian, or through a product exchanged exchange released by a regulated firm firm.
In this proposal, New Hampshire became the first state to pass such a bill, while many of the US states were still struggling with it.
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