Kelly Ayotte, the governor of New Hampshire, signed a bill allowing the state treasury to invest in cryptocurrencies, including BTC. This makes New Hampshire one of the leading regions in the United States that can invest public assets in cryptocurrencies.
Governor Ayotte announced on May 6th through her personal social media that the bill legalizing investments in cryptocurrencies and precious metals had passed. The bill, House Bill 302, was introduced to the state legislature in January and was finalized into law after passing both houses and receiving the governor's final signature.
The law restricts investments to cryptocurrencies with a market capitalization exceeding $500 billion (approximately 730 trillion won), effectively blocking investments in highly volatile small tokens or meme coins. This criterion is interpreted as a measure to balance financial stability and profitability by selectively accepting only large cryptocurrencies like BTC and ETH.
New Hampshire has previously shown a forward-looking stance on blockchain technology and digital assets, and this legislation is an extension of that approach. State government officials believe that cryptocurrencies can be used as a means of diversifying public funds and storing value from a long-term perspective.
This decision is notable as it aligns with the continued pro-cryptocurrency policy stance from the Trump administration and follows the trend of some U.S. state governments including cryptocurrencies in their institutional investment portfolios as part of asset diversification.
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