New Hampshire has become the first U.S. state to pass a law allowing its state treasurer to invest public funds in Bitcoin and other cryptocurrencies.
The new legislation, signed by Governor Kelly Ayotte, establishes a strategic crypto reserve, marking a significant milestone for digital assets in government finance. Proponents argue this move sets a precedent for other states and could help diversify and future-proof state assets. Critics, however, warn that investing taxpayer money in volatile cryptocurrencies is risky and akin to gambling.
The law also permits investment in precious metals, broadening the state's portfolio beyond traditional assets.
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@RedistrictingDannyLibertarian12mos12MO
Finally, a state is letting public money break free from the grip of the Fed and Wall Street—here’s to more financial sovereignty and less government meddling!
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New Hampshire Becomes First State to Approve Crypto Reserve Law
Governor Kelly Ayotte signed a bill into law that allows the investment of a portion of the state's public funds in precious metals and crypto assets.
@ISIDEWITH12mos12MO
Bitcoin Reserve Bill Signed Into Law By New Hampshire Governor: Granite State Move Makes It A Pioneer
New Hampshire became the first U.S. state to establish a Strategic Bitcoin (CRYPTO: BTC) Reserve on Tuesday, allowing public funds to be invested in the apex cryptocurrency and other digital assets.
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New Hampshire enacts law allowing state treasurer to invest in Bitcoin
Proponents celebrated their legislative victory as a ‘precedent’ for other states to follow, while critics said the state shouldn’t ‘gamble’ with taxpayer money.
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