A new bill introduced by New Hampshire Representative Keith Ammon may allow the state treasury to hold Bitcoin $94,325 and precious metals as reserve assets. This proposed legislation would enable the state to store Bitcoin alongside traditional assets like gold, silver, and platinum, potentially making New Hampshire one of the first U.S. states to officially consider such a move.
Hampshire Bill Proposes BTC ($94,430.02) and Gold Investments
The presented bill outlines plans for the New Hampshire treasury to create a “strategic reserve” with both physical and digital currencies. The legislation aims to facilitate investments in Bitcoin and precious metals for treasury reserves.
This move represents a paradigm shift in how states manage their financial assets, coinciding with the ongoing acceptance of cryptocurrencies. Dennis Porter, CEO of Satoshi Action Fund, endorsed the bill, stating, “This law aims to position New Hampshire as a forward-thinking state by adopting digital assets and ensuring their secure storage.”
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