News View Non-AMP

New Hampshire’s Bitcoin Reserve Bill Clears Key Vote Amid Trump’s Crypto Shift

Published by
Vignesh S G

New Hampshire is one step closer to adding Bitcoin to its state reserves. A bill introduced by Republican Keith Ammon, with support from Democrats Chris McAleer and Carry Spier, has cleared an important legislative hurdle. With this progress, the state joins others like North Carolina, Oklahoma, and Texas, which have also advanced similar Bitcoin reserve proposals.

Here’s a closer look.

House Committee Approves Bitcoin Reserve Bill

The House Commerce and Affairs Committee voted 16-1 in favor of House Bill 302, showing strong support for the measure. The bill will now move to the full House for a final vote.

What the Bill Proposes

If passed, the bill would allow New Hampshire to invest up to 5% of its general fund, revenue stabilization fund, or other state funds in Bitcoin. The original plan proposed a 10% investment, but lawmakers later reduced it to 5%.

To ensure security, the bill requires that any Bitcoin purchased be held by a qualified custodian or in an exchange-traded fund (ETF). It also permits investments in gold, silver, and platinum, giving the state additional options beyond digital assets.

Why Only Bitcoin Qualifies?

The bill sets a strict rule: only digital assets with an average market capitalization of $500 billion over the past year qualify for investment.

At present, Bitcoin is the only cryptocurrency that meets this requirement, with a market cap of $1.81 trillion. Ethereum, the second-largest cryptocurrency, has a market cap of $276.3 billion, while XRP follows with $145 billion—both falling well below the threshold.

Trump’s Crypto Reserve: An Overview

On a national level, President Donald Trump has announced plans to create a Crypto Strategic Reserve. However, details about which cryptocurrencies will be included remain unclear.

Since taking office, the Trump administration has introduced several crypto-friendly policies, including forming a task force under the SEC to establish clear regulations for the industry.

Many experts, including Bitwise CIO Matt Hougan, believe Bitcoin will dominate the reserve, with some suggesting it could be Bitcoin-only.

A Key Vote Ahead

New Hampshire is not the only state moving in this direction. Utah and Arizona have also made progress in setting up legal frameworks for Bitcoin reserves.

With the full House vote approaching, New Hampshire’s decision will be an important moment for state-level Bitcoin adoption. If approved, the bill could further strengthen Bitcoin’s role in government reserves while aligning with broader national trends in crypto policy.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Recent Posts

Pi Network Price Crashes 11%, Inches Closer to All-Time Low Below $0.40

The crypto market took a sharp dive after the U.S. President Donald Trump ordered surprise…

June 22, 2025

Emerging Top Pepe Coin of 2025 – Neo Pepe Coin Surges Ahead Outperforming PEPE in Early Metrics

Setting New Standard for Meme Coins Neo Pepe’s presale has skyrocketed to over $2 million,…

June 22, 2025

XRP Price Prediction Today As It Crashes 10% Below $2

The cryptocurrency market continues to struggle, and XRP has taken a brutal hit. In the…

June 22, 2025

Crypto Bloodbath: $1 Billion Liquidated, Bitcoin Price Crashes Below $100K

The cryptocurrency market faced a heavy blow in the past 24 hours as Bitcoin's price…

June 22, 2025

XRP Price Crash Was Predicted! Analyst Now Says $3 Target Is Next

XRP just hit a major price level, and it happened right as bombs were dropping.…

June 22, 2025

Is the Altcoin Market Really Dead — Or Just Waiting for Its Moment?

Altcoin prices have been bleeding for months, leaving many investors wondering if the market is…

June 22, 2025