New Hampshire’s House of Representatives and the Florida House Insurance and Banking Committee have each introduced bills to allow their states to establish Bitcoin reserves.
New Hampshire’s House passed its Bitcoin reserve bill, HB302, by a 192-179 vote on April 10, and it will now move to the Senate. The state becomes the fourth to pass a Bitcoin reserve bill in a legislative chamber, joining Arizona, Texas and Oklahoma.
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If HB302 passes the Senate and is signed into law by Governor Kelly Ayotte, it will allow the state treasurer to invest 10% of the state's general fund and other authorized funds in precious metals and certain digital assets. The bill also outlines custody procedures.
Meanwhile, the Florida House Insurance and Banking Committee also unanimously approved the state's Bitcoin reserve bill, HB487, yesterday. The bill must pass three more committees before advancing to the Florida House.