Main notes
- New Hamebeshere House Bell allows the state to invest up to 10 % of its money in cryptocurrencies such as Bitcoin.
- The draft law has been approved through the Second Senate Committee with a vote 4-1 and will now go to the full Senate.
- Critics argue that the draft law can affect the financial management of the state, while supporters see the capabilities of high revenue.
The Senate thinks in New Hampshire DraftWhich would allow the state to integrate precious metals and cryptocurrencies such as bitcoin into its financial strategy. The draft law approved the second Senate Committee and was appointed to a full vote in the Senate.
If it is passed, the New Hampstire State treasurer will be able to strip part of the resources of traditional financial options to digital assets and precious metals. The proposed law will allow the state treasury to invest up to 10 % of its money in the encrypted currency, but only the assets that have a maximum market exceeding $ 500 billion, such as Bitcoin, will be eligible.
The draft law began its journey in January in the Committee of Trade and Consumer Affairs in the House of Representatives, which voted in favor of it with a 16-1 vote. She moved to the full house on April 10, when he had a 192-179 vote. The Second Senate Committee reviewed the Parliament Law 302 on April 23 and approved by a vote 4-1. If the full Senate agrees, this will go to the ruler for the final approval.
Update the state reserve race:
The Senate and means of the Bitcoin Bitcoin HB 302, with a vote 4-1. pic.twitter.com/pkjlyy8epo
Bitcoin Laws (Pitcoin_laws) April 24, 2025
Two sides of the currency
Although the House of Representatives Law 302 has received many votes, some, including the Democratic Representative Terry Sport, believed that the draft law should not be considered. SPAHR argues that the state treasurer already has the state of financial affairs management, and the draft law may affect the possession of digital assets in New Hampshire.
On the other hand, Republican actor Jordan Olery believes that investing in the cryptocurrency can benefit the state’s treasury by generating great returns.
Other encryption policies are also reviewed, especially with Bill 302.
In another note, Illinois made progress with her digital law and consumer protection, which aims to address fraud and fraud in the encryption space.
Meanwhile, international developments also constitute the scene of encryption. In South Korea, for example, presidential candidate Hong John Bayu calls for the abolition of organizational restrictions and the growth of Blockchain, and is compatible with his broader vision of enhancing innovation through sabotage techniques such as Blockchain and AI and quantum computing.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Rose is a cherry content writer with a strong background in financing and technology. It simplifies the complex Blockchain topics and encrypted currencies, and provides insight and market analysis to help readers move in the advanced encryption scene.
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