New Hampshire Advances Bitcoin Investment Bill

Jimmy Aki
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In a significant development, New Hampshire’s House Commerce and Consumer Affairs Committee has approved House Bill 302, which permits the state treasurer to allocate up to 5% of public funds into Bitcoin investment and precious metals. The committee voted 16-1 on March 5, 2025, pushing the bill to the full House for consideration.

Details of the Bitcoin Investment Bill

Introduced by Republican Representative Keith Ammon on January 10, 2025, House Bill 302 aims to expand New Hampshire’s investment strategy by allowing Bitcoin investment alongside gold, silver, and platinum.

According to Bitcoin Laws, this makes it one of seven active U.S. state bills that have advanced to the House.

The bill specifies that only digital assets with an average market capitalization of at least $500 billion over the previous calendar year qualify, meaning Bitcoin is the only eligible cryptocurrency.

The bill would authorize New Hampshire’s treasurer to hold Bitcoin through a qualified custodian or exchange-traded products if passed. It initially proposed a 10% allocation for these assets, but lawmakers later reduced it to 5% to mitigate risk.

Ammon confirmed that New Hampshire Treasurer Monica Mezzapelle is interested in exploring Bitcoin investment if the bill is enacted.

During the committee session, Ammon also noted that amendments were made to exclude stablecoins and staking from the proposal. These changes focus the bill on assets with established value rather than speculative digital currencies.

New Hampshire’s Position Amid National Trends

New Hampshire is among several U.S. states considering legislation that integrates Bitcoin investment into government financial strategies.

Similar bills await full votes in North Carolina, Oklahoma, and Texas, while Utah and Arizona have already passed related measures.

Oklahoma recently advanced its Strategic Bitcoin Reserve Bill, allowing the state to allocate up to 10% of public funds to Bitcoin and other digital assets.

This trend reflects the increasing recognition of Bitcoin as a legitimate financial asset among policymakers.

This trend of state-level cryptocurrency legislation is also evident in Ohio. On February 24, lawmakers introduced House Bill 116, which seeks to exempt cryptocurrency payments from additional state taxes.

The bill, sponsored by Representative Steve Demetriou, ensures that digital assets, including Bitcoin and stablecoins, are not subject to extra fees beyond traditional transactions. It also requires state pension funds to evaluate the risks and benefits of investing in cryptocurrency ETFs.

New Hampshire has been exploring cryptocurrency regulations for years. In 2017, it passed legislation exempting digital currency users from money transmitter laws, signaling an early openness to blockchain-based finance.

If House Bill 302 is approved, it will further strengthen New Hampshire’s reputation as a leader in financial innovation.

As the bill moves to the full House for a vote, lawmakers will consider both the potential benefits and risks of Bitcoin investment. The final decision on House Bill 302 could influence how other states approach Bitcoin and digital asset investments in the future.

About Jimmy Aki PRO INVESTOR

Based in the UK, Jimmy is an economic researcher with outstanding hands-on and heads-on experience in Macroeconomic finance analysis, forecasting and planning. He has honed his skills having worked cross-continental as a finance analyst, which gives him inter-cultural experience. He currently has a strong passion for regulation and macroeconomic trends as it allows him peek under the global bonnet to see how the world works.