📍 Historic milestone:

On May 6, 2025, the state of New Hampshire became the first in the U.S. to officially allow its state treasury to invest in cryptocurrency and precious metals. Governor Kelly Ayotte signed HB 302, marking a major step forward in public sector crypto adoption.

🔹 “New Hampshire is first again!”

“Just signed a new law that allows our state to invest in cryptocurrency and precious metals,” Ayotte wrote on social media.

The law takes effect in 60 days, giving the state the green light to start accumulating Bitcoin as part of its reserves.

💰 Why it matters

⚠️ Fact: HB 302 permits investments only in digital assets with a market cap over $500 billion. At the time of signing, that only includes Bitcoin (BTC). Ethereum, the next largest crypto, sits at just $220 billion.

📈 Interestingly, Bitcoin's price jumped from $94,000 to $97,500 shortly after the announcement — though analysts link that surge more to positive developments on U.S.–China trade negotiations.

🔒 How it works:

• Up to 5% of treasury funds can be allocated to crypto

• All assets must be stored:

  • on U.S.-regulated exchanges

  • in state-controlled multisig wallets

  • or with qualified custodians

• The law mandates transparency and fiscal responsibility

• 
  

🧩 HB 302 is based on a framework by Satoshi Action, a non-profit that has backed over 20 pro-Bitcoin bills nationwide.

❌ Meanwhile, other states say no

🚫 Florida:
Bills HB 487 and SB 550, which would have allowed 10% of specific state funds to be invested in Bitcoin, were indefinitely postponed and withdrawn.

🚫 Arizona:
Governor Katie Hobbs vetoed HB 1025, calling digital assets “unproven investments.”

🟡 Arizona still has one last shot: HB 1371 is pending a final vote — but few expect Hobbs to change her stance.

📊 What’s next?

New Hampshire is now the first official crypto treasury in the U.S. The law sets a precedent that could inspire other states to explore:

• gradually integrating BTC into reserves

• increasing institutional trust in crypto

• setting the stage for broader adoption

💬 Opinion:

“The fact that a U.S. state can now legally hold Bitcoin is a major step toward institutional legitimacy. It’s just a matter of time before others follow.”

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