New Hampshire House Committee Approves Bitcoin Reserve Bill, Joining Growing US Trend

On March 5, New Hampshire's House Commerce and Consumer Affairs Committee passed House Bill 302 by a 16-1 vote, advancing a Bitcoin reserve bill to the House floor. The bill allows the state treasurer to allocate up to 5% of public funds into Bitcoin, alongside precious metals. Introduced on January 10 by Republican Rep. Keith Ammon and co-sponsored by Democrats, the bill targets digital assets with a market capitalization of at least $500 billion, currently met only by Bitcoin, which has a market cap of $1.8 trillion. The bill was amended to remove stablecoins and staking. New Hampshire joins states like Utah, Texas, Arizona, and Oklahoma in considering Bitcoin reserve legislation. President Trump announced on March 2 his plan to create a U.S. Crypto Reserve with Bitcoin and Ethereum.