New Hampshire Lawmaker Introduces Bill That Would Enable the State To Form a Digital Asset Treasury

A New Hampshire lawmaker this week launched laws aimed toward directing the state’s treasury to spend money on digital property and treasured metals.

If Home Invoice 302 passes, New Hampshire’s state treasurer might use among the public funds to purchase treasured metals, digital property with a market cap of greater than $500 billion, and/or stablecoins.

The invoice stipulates that the treasurer could not make investments greater than 10% of the full quantity of public funds in any of those three classes.

Crypto bought by New Hampshire must be held straight by means of a safe custody answer, on behalf of the state by means of a certified custodian, or within the type of an exchange-traded fund (ETF). The treasury might additionally lend and deploy the bought crypto by means of third-party options.

Republican state Rep. Keith Ammon launched the potential laws. He guarantees that the invoice will obtain correct consideration within the state Home.

“100% likelihood there can be a listening to, work session and vote within the Home of Representatives. Each bill in NH receives full therapy.”

A member of the Texas Home of Representatives proposed related laws in December, though that invoice was particularly aimed toward establishing a strategic Bitcoin (BTC) reserve.

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