New Hampshire House committee overwhelmingly passed the Bitcoin reserve bill with a 16-1 vote on March 5. The bill now heads to the House floor for a full vote positioning New Hampshire alongside states like North Carolina Oklahoma and Texas awaiting similar decisions. The House Commerce and Consumer Affairs Committee’s approval marks a significant step for House Bill 302 which could allow the state treasurer to invest in digital assets and precious metals.

Authored by Republican Keith Ammon and co-sponsored by Democrats Chris McAleer and Carry Spier the bill specifies investments up to 5% of various state funds into eligible digital assets. Bitcoin currently stands as the primary candidate under this bill due to its substantial market capitalization over the past year. Additionally the bill would enable investments in gold silver and platinum providing a diversified investment approach.

During the committee session Keith Ammon highlighted modifications to the bill including the exclusion of stablecoins and staking options. New Hampshire’s Treasurer Monica Mezzapelle has shown interest in utilizing this new investment opportunity should the bill pass which signals a progressive shift towards integrating cryptocurrency into state-level financial strategies.

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