New Hampshire Moves Forward with Bitcoin: A Big Step for the Granite State!
Get ready, New Hampshire! Something big is happening in our state that could change the way we think about money. The House Commerce and Consumer Affairs Committee has said “yes” to a bill that could help us use Bitcoin in our state’s funds. This is a huge deal, and it’s happening all across the United States!
What’s in the Bill and Why It Matters
House Bill 302, brought to us by Representative Keith Ammon and supported by Democrats Chris McAleer and Carry Spier, lets our state treasurer use up to 5% of our state’s money to buy digital assets like Bitcoin. But here’s the catch: these digital assets must be really big and important, with a market value of at least $500 billion over the past year. Right now, that means only Bitcoin qualifies. Plus, the bill makes sure our Bitcoin is safe by keeping it with a trusted guardian or in a special investment product.
Everyone’s On Board, Even Across Party Lines
This bill has support from both Republicans and Democrats, showing that people from all sides agree that using digital assets like Bitcoin could be a good thing for our state. At first, the bill wanted to use up to 10% of our money, but lawmakers decided to lower that to 5% to be more careful. They also made sure the bill only includes safe and well-known digital assets, not things like stablecoins or staking options.
We’re Not Alone: Other States Are Doing the Same
New Hampshire isn’t the only state thinking about using Bitcoin. States like North Carolina, Oklahoma, Texas, Utah, and Arizona are also talking about it. Even the former U.S. President Donald Trump suggested something similar for the whole country!
A New Way Forward for Our Money
The House committee’s vote to pass this bill is a big deal. It shows that our state is ready to try new things with money, like using Bitcoin. This could help us be more diverse and strong with our finances. As more states consider doing the same, we might be looking at a whole new way of handling money!
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Sources:
– cryptonews.com
– cointelegraph.com
– coinpaper.com
