New Hampshire has become the newest American state that forwards a Bitcoin reserve account and is in line with the growing trend of integrating the digital active in state finances.
The Commission for Huishandel and Consumer Affairs of the State was adopted on Wednesday House Bill 302 by a thunderous 16-1 votes.
The bill, which would enable the treasurer of the State to allocate 5% of the public resources to Bitcoin next to precious metals such as gold, silver and platinum, now goes to the house floor for consideration.
On the Nationale Toneel, President Donald Trump threw his weight behind the Bitcoin Reserve movement. On Sunday he announced his plan for a US Crypto Reserve With Bitcoin and Ethereum “in the heart”.
Entered By the Republican Rep. Keith Ammon, with co-sponsorship of Democrats Chris McALeer and Carry Spier, does not explicitly mention HB 302 Bitcoin, but notes how digital assets with a market capitalization of at least $ 500 billion would be eligible.
Given the current market capitalization of Bitcoin of $ 1.8 trillion, according to Coetecko factsIt is the only one that is eligible under these criteria.
“We are bound by the US dollar, whether we like it or not, but this would enable us to let the state invest a small part in this non -correlated, new asset class,” Ammon said Decrypt In January.
The movement of New Hampshire follows a broader trend of Bitcoin reserve legislation in states such as Utah, Texas, Arizona and Oklahoma, where similar accounts have been received.
Utah has progress With its blockchain and digital innovation changes Bill, which proposes up to 5% of the state funds that must be assigned to digital assets, with Bitcoin as the primary candidate, because it follows comparable criteria as New Hampshire.
Texas promotes two Bitcoin-related accounts for invest 1% of the general income funds and another for settlement Bitcoin donations and payments.
The House of the House of Oklahoma passed HB 1203, the Strategic Bitcoin Reserve Act, with 12-2 votes. In the meantime, Arizona has already advanced his Bitcoin Reserve Bill, SB 1025 via the Senate Financing Committee.
Anyway, Not all states are on board.
South Dakota” Montana” Pennsylvania” North DakotaAnd Wyoming have rejected similar proposals as a result of concerns about the volatility of Bitcoin and its suitability as public possession.
Published by Sebastian Sinclair
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