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Potential Bitcoin Reserve Legislation from North Dakota and New Hampshire Sparks Interest in Crypto Integration
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North Dakota and New Hampshire have taken significant steps to integrate Bitcoin into state finance through proposed legislation establishing Bitcoin reserves.
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This legislative push highlights a growing bipartisan interest in diversifying state assets amid economic uncertainties.
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Dennis Porter noted that crafting tech-neutral bills often minimizes political friction, facilitating smoother legislative processes.
North Dakota and New Hampshire are leading the charge in establishing Bitcoin reserves, aiming for financial diversification amid economic challenges.
Bitcoin Reserve Bills Gain Momentum in the US
Lawmakers in North Dakota recently introduced a proposal to integrate digital assets and precious metals into the state’s investment strategy. The House Concurrent Resolution 3001 directs the State Treasurer and Investment Board to allocate portions of key state funds — such as the general fund and legacy fund — into these alternative assets.
“The Legislative Assembly encourages the State Treasurer and State Investment Board to invest a portion of the state general fund, budget stabilization fund, and legacy fund in digital assets and precious metals,” the bill stated.
While the resolution avoids explicitly naming Bitcoin, its inclusion of digital assets reflects the growing interest in cryptocurrency as a viable investment. Supporters believe this approach could help safeguard the state’s finances against economic pressures like inflation.
Lawmakers in New Hampshire have introduced similar legislation to establish a state Bitcoin reserve. Although the bill does not directly name Bitcoin, its requirements suggest that the top crypto would be the sole cryptocurrency eligible for investment.