On Could 6, New Hampshire formally grew to become the primary state to legally set up a strategic Bitcoin Reserve.
Governor Ayottee signed Home Invoice 302 (HB 302) into legislation to create the nation’s first Bitcoin & Digital Property Reserve Fund based mostly on a framework lifted instantly from Satoshi Motion’s Strategic Bitcoin Reserve (SBR) mannequin invoice.
STRATEGIC BITCOIN RESERVE IS LAW! pic.twitter.com/30zXx9srfJ
— Dennis Porter (@Dennis_Porter_) Could 6, 2025
The invoice permits the state treasurer to allocate as much as 5% of New Hampshire’s whole funds into Bitcoin and different digital property with a market capitalization above $500 billion.
It additionally mandates that these holdings be saved with U.S.-regulated custodians or by exchange-traded merchandise. This method will make sure the safety of the crypto reserve.
HB 302 is drafted from the Strategic Bitcoin Reserve (SBR) mannequin invoice developed by nonprofit Satoshi Motion. It displays a buzzing development of integrating decentralized cash into public finance.
“Satoshi Motion drafted the mannequin, New Hampshire engraved it into legislation, and now each treasurer nationwide can comply with that roadmap. HB 302 proves you possibly can defend taxpayer cash, diversify reserves, and future-proof state treasuries-all whereas embracing essentially the most safe financial community on Earth. New Hampshire didn’t simply move a invoice; it sparked a motion,” stated Dennis Porter, CEO & Co-Founding father of Satoshi Motion.
The legislation will take impact in 60 days, which provides the state time to organize its infrastructure for securely buying and holding Bitcoin.
Some fashionable faces behind this invoice embrace Rep. Keith Ammon, an early Bitcoin advocate who first launched the mannequin laws in 2022, and Majority Chief Jason Osborne, who helped steer it by the legislative course of.
In keeping with the official doc, Bitcoin’s shortage and resistance to inflation could make it a powerful hedge in unsure financial instances, like excessive inflation.
UK Says No To Bitcoin Reserve
The UK has determined to not create a nationwide Bitcoin reserve, which units it aside from the U.S. authorities’s latest crypto-friendly stance. Treasury Minister Emma Reynolds introduced on the Digital Asset Summit, saying that whereas the US helps blockchain innovation, it received’t stockpile Bitcoin or different cryptocurrencies.
Treasury officers imagine constructing a Bitcoin reserve doesn’t match the UK’s monetary system and will hurt long-term market stability.
As an alternative, the UK will give attention to robust laws and utilizing blockchain know-how in public companies.
Additionally Learn: Charles Schwab to Launch Spot Crypto Buying and selling in 12 Months
