Bitcoin reserve law pitched in New Hampshire

A new bill introduced by Representative Keith Ammon could allow the New Hampshire treasury to hold Bitcoin as a reserve asset.

Republican Rep. Keith Ammon has proposed legislation that would create a strategic Bitcoin (BTC) reserve for the state and allow the state treasury to store BTC alongside traditional assets such as gold, silver and platinum.

Rep. Ammon’s bill includes “safe custody solutions” to protect New Hampshire’s potential stash of BTC. As adoption accelerates, even states now require a crypto wallet.

If passed, New Hampshire could become a leader in efforts to address state-controlled Bitcoin reserves. But it faces stiff competition from other states that have taken similar measures.

As previously reported, Texas, Ohio, and 10 other US states have considered BTC treasury legislation. Lawmakers like Cynthia Lummis have also advocated for a BTC reserve at the federal level.

The idea of ​​a US-based Bitcoin reserve gained momentum last year, driven in part by former President Donald Trump’s campaign to appeal to the crypto voting bloc. Trump has vowed to make the United States a global leader in cryptocurrency and has proposed creating a Bitcoin stockpile from the government’s existing holdings of 207,000 BTC.

Now, with less than two weeks until 2025, predictions that more jurisdictions will move to adopt Bitcoin reserves are starting to come true. Along with US states, countries such as Brazil and Poland have also begun exploring the concept of holding Bitcoin in their national treasuries.