New Hampshire Proposes Strategic Reserve with Bitcoin and Precious Metals to Modernize Treasury
- US states move forward with integrating Bitcoin into public finances.
- New Hampshire proposes secure custody for digital assets.
- Cryptocurrencies can complement investments with precious metals.
The state of New Hampshire has taken a major step forward by introducing a bill that aims to create a strategic reserve comprised of cryptocurrencies, including Bitcoin, and precious metals, such as gold, silver and platinum. The proposal, drafted by the State Representative Keith Ammon, aims to diversify public treasury investments and explore new forms of financial return.
BIG BREAKING: A bill to create a 'Strategic Bitcoin Reserve' has been introduced in the State of New Hampshire by @RepKeithAmmon . pic.twitter.com/5lAqFpopda
—Dennis Porter (@Dennis_Porter_) January 10, 2025
The bill envisages that up to 10% of public funds, currently valued at around US$360 million, could be allocated to digital and traditional assets. To achieve this, it will be necessary to use advanced custody solutions that guarantee the security of reserves. This includes storage protected by cryptographic keys, qualified custodians and regulated products, such as exchange-traded funds (ETPs), overseen by entities such as the SEC and CFTC.
While Bitcoin is currently the only cryptocurrency that meets the stipulated market capitalization requirements, stablecoins such as USDT and USDC could also be considered. The bill also paves the way for the state to explore practices such as staking and lending of digital assets, as long as guarantees of ownership and security are maintained.
Dennis Porter, CEO of the Satoshi Action Fund, noted that the text was designed to minimize political barriers and facilitate its passage. According to him, some legislation is designed to be technology-neutral, while others may focus exclusively on Bitcoin, depending on each state’s approach.
At the time of publication, the price of Bitcoin was quoted at US$94.973,77, up 3.3% in the last 24 hours.
New Hampshire joins other U.S. states that are also considering implementing strategic Bitcoin reserves, including Pennsylvania, Texas, Alabama and Florida. These moves reflect a growing interest in integrating cryptocurrencies into public finance practices, fostering innovation and modernization.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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