The New Hampshire State Legislature has increased the likelihood of legislation by moving a bill to the full Senate that would allow state funds to be partially invested in physical assets such as Bitcoin (BTC), gold, and silver.
On the 23rd (local time), the 'HB 302' bill containing this content passed the second committee review of the state Senate. The committee approved the bill with a 4-to-1 vote, moving it to the plenary session. The bill was first proposed in January and passed the House of Representatives 192-179 earlier this month. If passed by the Senate plenary session, it will be formally adopted as law after the governor's final signature.
If the bill is implemented, the New Hampshire State Treasury can allocate up to 10% of the general fund to digital assets or physical assets. For digital asset investments, only assets with a market capitalization exceeding $500 billion (approximately 730 trillion won) are eligible. Currently, Bitcoin is the only cryptocurrency that meets this criterion.
New Hampshire's move is interpreted as a diversification of public investment portfolios for traditional and digital assets. If the state government officially adopts Bitcoin as an investment asset, it could be seen as a visible policy shift within the United States.
Recently, with Trump's consecutive pro-cryptocurrency policies, the trend of digital asset development at the state government level is gaining more momentum. Accordingly, the possibility of institutional investment in major cryptocurrencies, including Bitcoin, is gradually expanding.
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