Hassan Maishera
TL;DR
-
New Hampshire has become the first state in the U.S. to approve a crypto reserve law.
-
Arizona and Florida are also looking to approve similar laws soon.
New Hampshire Approves the Crypto Reserve Law
New Hampshire has set a record for becoming the first state to to allow the investment of its public funds into crypto assets. This latest development comes as its governor signed the law on Tuesday.
New Hampshire Governor Kelly Ayotte, a Republican, announced this latest development in an X post. He stated that New Hampshire is the first in the nation to achieve this feat. The state could also beat the U.S. government in forming a Bitcoin Reserve despite President Trump approving the Digital Asset Reserve earlier this year.
New Hampshire is once again First in the Nation! 🎉
— Governor Kelly Ayotte (@KellyAyotte) May 6, 2025
Just signed a new law allowing our state to invest in cryptocurrency and precious metals. pic.twitter.com/ua9bawZKbM
The new law allows the investment of up to 5% of public funds in a digital asset with at least $500 billion in market capitalization. Currently, bitcoin (BTC) is the only qualifying asset.
While speaking to CoinDesk, State Rep. Keith Ammon, the lawmaker behind the bill, said the new law “embraces financial innovation and helps diversify the state's investments to mitigate inflation caused by the federal government's unending money printing."
He added that the Satoshi Action Fund will help cement New Hampshire’s position as a trailblazer in the digital assets ecosystem.
Dennis Porter, founder of the Satoshi Action Fund, added that they are excited about this latest development in New Hampshire.
"The first one's the hardest, by far. Having a state that's already gotten it done, it'll really increase the political momentum," Porter added.
New Hampshire’s approval comes a few days after Arizona Governor Katie Hobbs vetoed a bill that would have allowed Arizona to hold Bitcoin in its official reserves. The governor’s decision drew criticism from crypto advocates who argue it undermines the state's economic future.
