New Hampshire Bitcoin Reserve Bill Gets Signed into Law

By: beincrypto|2025/05/07 01:45:01
0
Share
copy
The first state-level Bitcoin Reserve bill in the US is now fully approved, as New Hampshire’s Governor Kelly Ayotte signed it into law today. This makes New Hampshire the first state to get such a plan across the finish line. Although Florida and Arizona saw recent setbacks, a victory in New Hampshire is a substantial accomplishment. New Hampshire Enacts Bitcoin Reserve LawEarlier today, the state-level Bitcoin Reserve initiatives in the US were looking dire. Two relevant bills died in committee in Florida less than a week after Arizona’s governor vetoed another. However, New Hampshire has bucked this trend, creating the US’s first Strategic Bitcoin Reserve/New Hampshire is once again First in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals. pic.twitter.com/ua9bawZKbM— Governor Kelly Ayotte (@KellyAyotte) May 6, 2025This Reserve bill puts New Hampshire at the head of the country in a few ways. In addition to allowing the state to purchase and hold Bitcoin, there is another interesting aspect. Specifically, the law is not exclusively tailored to Bitcoin. It allows the state to purchase any cryptoasset with a market cap over $500 billion. Today, that’s only BTC, but others could join. This means if Ethereum and XRP reach this threshold in the future, the state can purchase these altcoins as a part of its reserve. STRATEGIC BITCOIN RESERVE IS LAW! pic.twitter.com/30zXx9srfJ— Dennis Porter (@Dennis_Porter_) May 6, 2025New Hampshire’s successful effort will encourage other Bitcoin Reserve bills and provide valuable data on how this system works in practice. Other state governments can learn from New Hampshire’s successes and failures to refine their own legal initiatives better.Meanwhile, Trump’s national Bitcoin Reserve plan is still unclear. The initial executive order provided a 60-day deadline for the Treasury to assess the plans for a digital asset reserve. That deadline ended yesterday, but no concrete update has been given yet. As of now, the Governor has not specified the amount of BTC the state will purchase. However, according to the bill, New Hampshire can allocate a maximum of 5% of total state funds to purchasing Bitcoin. For 2026-2027, the state’s total fund is $16 billion in expenditures. So, it will be interesting to see how much of that will be allocated for BTC. The post New Hampshire Bitcoin Reserve Bill Gets Signed into Law appeared first on BeInCrypto.

You may also like

What Is Vibe Coding? How AI Is Changing Web3 & Crypto Development

What is vibe coding? Learn how AI coding tools are lowering the barrier to Web3 development and enabling anyone to build crypto applications.

The parent company of the New York Stock Exchange strategically invests in OKX: The intentions behind the $25 billion valuation

Continuous cases show that cryptocurrency exchanges are becoming a battleground for traditional finance and tech giants, while also serving as an important stronghold for entering the strategic landscape of Web3.

WEEX P2P update: Country/region restrictions for ad posting

To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.

 

I. Overview

When publishing P2P ads, advertisers can now set the following:

Allow only counterparties from selected countries or regions to trade with your ads.

With this feature, you can:

Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.

 

II. Applicable scenarios

The following are some common scenarios:

Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.

 

III. How to get started

On the ad posting page, find "Trading requirements":

Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.

 

When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:

If you encounter this issue when placing an order as a regular user, try the following solutions.

Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.

 

IV. Benefits

Compared with ads without country/region restrictions, this feature provides the following improvements.

Aspect

Improvement

Trading security

Reduces abnormal orders and fraud risk

Conversion efficiency

Matches ads with more relevant users

Order completion rate

Reduces failures caused by incompatible payment methods

V. FAQ

Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.

 

Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.

 

Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.

What are the key highlights of this year's Ethereum's most important upgrade, the Glamsterdam upgrade?

The Ethereum Race Against Time, Perhaps Truly a Quest for Revival

March 6 Key Market Update You Can't Miss! | Alpha Morning Report

.Top News: Recent Developments in US-Iran Conflict, Military Action to Escalate Further, Trump Rejects Soleimani's Son Taking Over Token Unlock: $W, $RED

Sell Nvidia, Buy Power Plant: 27-Year-Old AI Investor Earns $5 Billion in One Year

The essence of investment is to find price dislocation in the future that has already arrived but is not yet evenly distributed.

Popular coins

Latest Crypto News

Read more