The Insurance and Banking Committee of the Maison du New Hampshire and Florida has respectively advanced bills allowing their States to create Bitcoin reserves.
The New Hampshire Chamber adopted its Bitcoin reserve bill, HB302, during a 192-179 vote on April 10 which will now go to the Senate. The State is now the fourth to adopt a Bitcoin reserve bill (BTC) through a room, joining Arizona, Texas and Oklahoma.
If HB302 erases the New Hampshire Senate and Governor Kelly Ayotte the sign in law, this would allow the Treasurer of the State to use 10% of the General State Fund and other funds authorized to invest in precious metals and certain digital assets. The bill also exposes how they should be kept.
The bill specifies that only cryptocurrencies with a market capitalization of more than $ 500 billion would be eligible for investment, a criterion that only Bitcoin is currently meeting.
The New Hampshire Chamber vote to adopt HB302, the state Bitcoin reserve bill. Source: New Hampshire representative room
In a debate before the vote, the Democratic representative Terry Spahr argued that the bill was not necessary and could undermine the future security of the stock of digital assets of the State.
“With the knowledge of the committee and the sponsor […] The treasurer said they already had this authority, “said Spahr. He added that cryptocurrency” constantly changes and changes, and it is sort of dangerous to be somehow locked up in certain types of security measures, and I think Bill is doing it. “”
Republican representative Jordan Uley replied that the bill was necessary because he could create the “potential of a large sum of money earned by the state in these investments”.
The New Hampshire has two other bills linked to blockchain on the legislative level – HB310, which covers the stablescoins and the tokenization of real assets (RWA) and HB 639, which deals with the regulation and the resolution of blockchain disputes.
The Florida House committee adopts Bitcoin Reserve Bill
Meanwhile, on April 10, the Florida insurance and bank committee adopted the Bitcoin reserve bill, HB487, with a unanimous vote.
The bill has three committees to erase before progressing to the Florida house.
Watch: Florida House Committee adopts Bitcoin Reserve Bill
The insurance and bank committee adopted HB 487 unanimously today
Including the move of the testimonies of the representative of the sponsor of Bill Webster Barnaby pic.twitter.com/myalnvtfl9
– Bitcoin Laws (@bitcoin_laws) April 10, 2025
Similar to the New Hampshire bill, HB487 would allow the Florida financial director and the State’s board of directors to invest up to 10% of certain public funds – including General Revenue Fund and the budgetary stabilization fund – in Bitcoin.
The bill of the bill, the republican representative Webster Barnaby, pleaded with the committee before the vote “to vote on this very important bill” which, according to him, “would put Florida at the forefront of this brand new technology”.
In relation: American federal agencies to report crypto holdings to the treasury by April 7
The Florida bill gives the State chief the possibility of investing directly in digital assets, through certain qualified goalkeepers, or through negotiated products on the stock market and security details and childcare requirements.
According to Bitcoin Laws, which follows progress in digital asset legislation, Arizona is currently leading the race to become the first American state to establish a Bitcoin strategic reserve.
Source: Bitcoin laws
On March 24, two digital assets reserved bills, SB1373 and SB1025, released the rules of the Arizona Chamber and go to the State House for a full vote.
If it is adopted by the Chamber, the bills would then need the signing of the Democratic Governor of Arizona, Katie Hobbs to become law.
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