New Hampshire Advances Bitcoin Reserve Bill Amid Growing Adoption in U.S.

New Hampshire has joined the trend of U.S. states considering Bitcoin for state finances as the House Commerce and Consumer Affairs Committee passed House Bill 302. This bill allows the state treasurer to allocate up to 5% of public funds into Bitcoin, mirroring similar initiatives in states like Utah and Texas. Notably, President Donald Trump has endorsed the movement, proposing a U.S. Crypto Reserve that prominently features Bitcoin and Ethereum. While Bitcoin qualifies for the criteria due to its substantial market capitalization of $1.8 trillion, not all states are on board, with some rejecting such proposals over volatility concerns. This legislative momentum signals a growing acceptance of digital assets at the state level.