New Hampshire and Florida Push Forward Legislation to Create State Bitcoin Reserves

Legislative initiatives to implement state-level Bitcoin reserves are picking up steam across the United States, with both New Hampshire and Florida moving forward with bills designed to enable their state governments to hodl Bitcoin as part of their financial reserves.

On April 10, New Hampshire’s House approved bill HB302 with a slim 192-179 vote. The proposal is now set to proceed to the state Senate for additional discussions.

Should it be ratified and signed into law by Governor Kelly Ayotte, the statute would empower the state treasurer to invest up to 10% of New Hampshire’s general fund and other sanctioned state funds in precious metals and digital assets.

EXPLORE: 10 Best AI Crypto Coins to Invest in 2025

Bitcoin Remains the Sole Asset Qualifying Under $500B Market Cap Rule

The proposal limits investments to cryptocurrencies boasting a market capitalization of over $500 billion. Currently, Bitcoin stands alone as the only digital currency meeting this criterion.

The measure also delineates protocols for the secure custody of such assets. However, the bill has triggered discussions. Democratic Representative Terry Spahr challenged the proposal, arguing that the state treasurer already possesses the power to invest in alternative assets.

He expressed worries about committing the state to certain asset categories amidst a dynamic and unpredictable crypto environment. Conversely, Republican Representative Jordan Ulery contended that the bill could enable the state to achieve substantial returns via strategic crypto investments.

New Hampshire is now the fourth state to have passed a Bitcoin reserve bill through at least one legislative chamber, joining Arizona, Texas, and Oklahoma.

WATCH: Florida House Committee PASSES BTC Reserve Bill

The Insurance and Banking Committee passed HB 487 unanimously today

Including moving testimony from bill sponsor Rep. Webster Barnaby pic.twitter.com/myAlNvtFl9

— Bitcoin Laws (@Bitcoin_Laws) April 10, 2025

The state is also pursuing two additional blockchain-centric bills—HB310, which pertains to stablecoins and the tokenization of real-world assets, and HB639, which addresses blockchain regulation and dispute resolution protocols.

EXPLORE: Best New Cryptocurrencies to Invest in 2025

Florida Committee Gives Unanimous Green Light to Bill for State BTC Investments

Simultaneously, Florida is making equivalent progress. On the same date, Florida’s House Insurance and Banking Committee passed HB487 unanimously, a measure that would permit the state’s Chief Financial Officer and the State Board of Administration to invest as much as 10% of certain funds into Bitcoin.

The bill must navigate through two additional committees before reaching the full House for a decision. Its proponent, Republican Representative Webster Barnaby, called upon the committee to back the measure, framing it as an opportunity to position Florida at the leading edge of digital financial innovation.

Florida’s initiative comprises comprehensive guidelines for the management of the digital assets, involving direct investments via qualified custodians and through exchange-traded products.

As per legislative monitor BTC Laws, Arizona continues to lead the way among states actively pursuing formal BTC reserves.

Two bills related to reserves—SB1373 and SB1025—have successfully navigated the House Rules Committee and await a full floor vote. If passed, they will then require Governor Katie Hobbs’ signature to become law.

DISCOVER: Best Meme Crypto token ICOs to Invest in April 2025

Join The 99Bitcoins Announcement Discord Here For The Latest Trading market Updates

The post New Hampshire and Florida Advance Bills to Establish State Bitcoin Reserves appeared first on 99Bitcoins.