Massachusetts Senate Approves Digital Currency Regulation Act

New Hampshire House Passes Bill Creating State Bitcoin Reserve

In a move that could have significant implications for the future of cryptocurrency in the United States, the New Hampshire House of Representatives has passed a bill creating a state reserve of bitcoin.

The bill, HB 1571, was passed by a vote of 147-48 and will now move on to the state Senate for consideration. If passed, the bill would create a state reserve of bitcoin, managed by the New Hampshire State Treasury, to stabilize the state's economy and provide a hedge against inflation.

The bill's sponsor, Representative Eric Grove, said that the bill is designed to provide a stable store of value for the state's treasury, and to give the state a seat at the table in the growing cryptocurrency market.

"This bill is about diversifying our assets and being smart about how we manage our treasury," Grove said. "By investing in bitcoin, we can provide a hedge against inflation and ensure that our state's treasury is protected for generations to come."

The bill would allow the state to purchase and hold bitcoin, and would require the state treasurer to report annually on the performance of the state's bitcoin reserve.

Proponents of the bill argue that it could help to stabilize the state's economy, provide a source of revenue, and attract cryptocurrency companies to the state. Opponents, however, have expressed concerns about the volatility of the cryptocurrency market and the potential risks associated with investing in bitcoin.

The bill's passage marks a significant milestone for cryptocurrency in the United States, and could pave the way for other states to follow suit. As the world's first fully decentralized digital currency, bitcoin has the potential to revolutionize the way we think about money and finance.

In a statement, the New Hampshire House of Representatives said that the bill is "a bold step forward" for the state, and that it could have significant benefits for the state's economy and residents.

"We are proud to be the first state in the country to take this step, and we look forward to seeing the benefits that it will bring to our state and our residents," the statement said.