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We are experiencing a historic moment for Bitcoin (BTC): For the first time, a U.S. state has approved the Bitcoin Strategic Reserve Law!
A historic step has been taken in the United States: New Hampshire became the first state to pass a law allowing digital assets to be used at the state treasury level, legalizing the "Strategic Bitcoin Reserve" (SBR) model.
The state enacted the bill numbered HB 302 with the governor's signature.
Under the new law, the state treasury will be able to purchase Bitcoin and certain high-level digital assets to add to its reserves. The law was inspired by the "Strategic Bitcoin Reserve" model law developed by the Satoshi Action Fund. Dennis Porter, CEO and co-founder of Satoshi Action, stated, "The Satoshi Action model was written, New Hampshire legalized it. Now every state treasurer can follow this roadmap. This is not just a law; it is the spark of a movement."
What Does HB 302 Bring?