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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.
Many cryptocurrencies soared to new all-time highs after Donald Trump won the 2024 presidential election.
With 2025 underway and Trump in the White House, Benzinga recently asked readers which cryptocurrencies they are buying.
What Happened: Trump recently announced plans for a strategic crypto reserve and a meeting of several cryptocurrency experts at the White House on Friday has created optimism that the federal government will be buying crypto.
Before the strategic crypto reserve was announced by Trump with possible cryptocurrency choices, Benzinga polled readers asking about 2025.
“Which crypto asset are you most likely to invest in during 2025?” Benzinga asked.
The…
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Some believe the Senate’s vote to overturn the so-called DeFi broker rule is a win that goes beyond this specific issue.
If you need a refresher, the IRS revealed a rule in December that sought to force tax reporting requirements on crypto software providers — even those not acting as intermediaries.
Fast forward to the following month, when the overwhelmingly pro-crypto Congress was sworn in. Two days after Trump’s inauguration, Sen. Ted Cruz and Rep. Mike Carey floated a Congressional Review Act (CRA) resolution to reverse the rule.
Senate Majority Leader John Thune said in…
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Many in the US woke up Wednesday to bitcoin back above $90,000.
After Donald Trump mentioned five tokens in his Sunday post about a crypto reserve, prices soared. BTC included (despite confusion from some about why this wouldn’t be a BTC-only reserve).
Bitcoin ascended to about $95,000 Sunday, but essentially lost all those gains Monday. It traded in the mid-80s for much of Tuesday.
The early Wednesday surge wasn’t because Trump mentioned BTC in his address to Congress Tuesday night. He didn’t.
Rather it came after Commerce Secretary Howard Lutnick reportedly said a…
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After wiping out the last of their “Trump bump” gains, US equities were surprisingly calm Wednesday following their tariff-fueled selloff earlier in the week.
Given today’s mild gains come after a particularly spirited address from President Trump last night, during which he doubled down in defense of his trade policies, I’m betting investors are expecting the powers that be to step in.
Whether this comes in the form of a “Fed put” or a “Trump put” is anyone’s guess. To be fair, investors probably don’t care which, as long as stocks start to see some… Read more on Blockworks
El Salvador remains steadfast in its commitment to Bitcoin despite pressures from the International Monetary Fund to curtail its involvement. President Nayib Bukele confirmed that the nation will persist with its Bitcoin acquisitions. His firm declaration came through a recent X post emphasizing the country’s resilience against global criticisms and past challenges with the cryptocurrency community.
The discord between El Salvador’s cryptocurrency strategy and the IMF’s recommendations surfaced last December following an agreement that included a $1.4 billion loan to restrict Bitcoin-related activities. This agreement was part of a broader financial aid package aimed at stabilizing the national economy. Despite these restrictions El Salvador’s Congress had enacted laws aligning with the IMF’s stipulations including optional Bitcoin acceptance in the private sector.
El Salvador’s strategic reserve bolstered its Bitcoin holdings earlier this week now totaling 6,101.18 BTC valued at over $535 million. This move underscores the country’s ongoing commitment to integrate Bitcoin into its financial landscape and suggests a strategic defiance that aligns with its broader economic aspirations despite the IMF’s cautionary stance.
Between the holidays and New Years, the IRS used the last passing days of the Biden administration to finalize its long feared Broker Rule: a regulation requiring all cryptocurrency exchanges – custodial and non-custodial, fiat to crypto and crypto to crypto – to effectively subject their users to Know-Your-Customer (KYC) measures.
The rule establishes that custody over funds is not necessary to be deemed a broker by the IRS, obliging “DeFi front-end services” to report trading activity via the 1099 tax form to the agency. This includes any developer of “screens, buttons, forms, and other visual elements incorporated in websites, mobile device apps, and browser…
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