The House of Representatives in New Hampshire and the Florida Insurance and House of Insurance Committee submitted bills in a row that allow its states to establish bitcoin reserves.
The New Hampshire House approved the Bitcoin Bill, HB302, In 192-179 vote On April 10, which will now go to the Senate. The fourth country is now the fourth to pass the Bitcoin Bill (BTC) through one room, and it joins Arizona, Tksas and Aklouma.
If HB302 has wiped the Senate in New Hampshire, and its ruler, Kelly Ayot, signs the law, it will allow the state’s secretary to use 10 % of the state’s general fund and other funds approved for investment in precious metals and some digital assets. The draft law also determines how they should happen.
The draft law determines that cryptocurrencies only with a market value of more than $ 500 billion will be eligible for investment, and they are currently meet Bitcoin.
The New Hampshire’s home to pass HB302, the state bitcoin budget bill in the state. source: The House of Representatives New Hampshire
In a discussion before the vote, Democratic actor Terry Spehr argued that the bill is unnecessary and could undermine the future security of the state’s digital assets stocks.
“Without the knowledge of the committee and the shepherd (…) the treasurer testified that they already have this authority.” He added that the cryptocurrency is “constantly turning and changing, and it is somewhat dangerous to be preserved in certain types of security measures, and I think Bell does this.”
Republican actor Jordan Olieri replied that the draft law was necessary because it could create “the possibility of obtaining a large amount of money that the state receives in these investments.”
New Hamshire has two other Blockchain draft laws working on their way through the HB310 legislature, which covers Stablecoins and the asset symbol in the real world (RWA) and HB 639, which deals with Blockchain and conflict solution.
The committee in Florida passes the bitcoin reserve bill
Meanwhile, on April 10, the Florida Banking Committee and Bitcoin sources in the state approved the state bitcoin reserves invoiceHB487, With unanimous vote.
The draft law contains three committees to get rid of it before applying to Florida’s house.
Watch: Florida House Committee passes bitcoin reserve law
The HB 487 bank insurance and banking services approved today
Including moving the certificate from Bill Brandor Republic. Webster barnaby pic.twitter.com/myalnvtfl9
Bitcoin Laws (Pitcoin_laws) April 10, 2025
Like the New Hampshire Bill, HB487 will allow the Florida Financial Director and the state’s board of directors to invest up to 10 % of the state’s funds – including the Public Revenue Fund and the Budget Stability Fund – in Bitcoin.
The sponsor of the draft law, Republican Republican and Wester Barnabe, appealed to the committee before voting to “vote on this very important law”, which he claimed to “put Florida at the front edge of this very new technology.”
Related to: American federal agencies to report Checks for the Treasury by April 7
The Florida Bill gives the head of the state’s financial ability to invest in digital assets directly, through some qualified trustees, or through products traded on the stock exchange and details of security and detention requirements.
According to To the Bitcoin laws, which follow the progress of digital asset legislation, Arizona is currently leading the race to become the first American state to create a strategic bitcoin reserve.
source: Bitcoin laws
On March 24, two draft digital assets law, SB1373 and SB1025, cleared the House of Representatives Bases Committee in Arizona and are now heading to the House of Representatives for full vote.
If the House of Representatives approved it, the bills will then need to sign the governor of the Democratic State of Arizona, Katie Hobbes to become a law.
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