The bill is the first of its kind in a US state to become law after Arizona Governor Katie Hobbs vetoed a similar bill on May 2 and two Florida crypto bills were withdrawn on May 3.
New Hampshire became the first US state to allow its government to invest in cryptocurrencies, including Bitcoin (BTC), after Governor Kelly Ayotte signed a bill passed by the legislature into law.
In a May 6 notice, Ayotte announced on social media that New Hampshire would be permitted to “invest in cryptocurrency and precious metals” through a bill passed in the state Senate and House of Representatives. House Bill 302, introduced in New Hampshire in January, will allow the state’s treasury to use funds to invest in cryptocurrencies with a market capitalization of more than $500 billion, eliminating many tokens and memecoins.
“The Live Free or Die state is leading the way in forging the future of commerce and digital assets,” said New Hampshire Republicans in a May 6 X post.
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