New Hampshire Bitcoin Bill Passes House Committee—A Major Win for Crypto Adoption?

The House Commerce and Consumer Affairs Committee in New Hampshire has achieved a decisive victory after passing House Bill 302 with a 16-1 vote against it. The definitive vote demonstrates robust backing for Bitcoin-friendly state-level policies, thus placing New Hampshire among the newest U.S. states to adopt digital asset legislation.

A Historic Vote: New Hampshire’s Bitcoin Bill Moves Forward

The complete bill implementation enables the state treasurer to allocate a maximum of 5% of specified state funds, such as general fund and revenue stabilization fund, into approved digital assets. According to the bill, Bitcoin receives no direct mention, while it permits only digital assets whose market capitalization surpasses $500 billion during the recent year to qualify. At present Bitcoin remains the sole cryptocurrency able to match this specification.

NEW HAMPSHIRE Update:

Bitcoin Reserve Bill HB302 has passed the House Commerce and Consumer Affairs Committee.

The vote was 16 – 1 pic.twitter.com/7DpzFzxgda

— Bitcoin Laws (@Bitcoin_Laws) March 6, 2025

The New Hampshire Bitcoin bill is likely to become law since it received strong support from committee members during the House voting process. The successful implementation of this bill would make Bitcoin accessible to state-level investment portfolios therefore leading other states to consider similar integration policies.

Bitcoin, Gold, and Silver: A Diverse Investment Strategy

Under the bill, the New Hampshire treasurer is authorized to invest state funds in Bitcoin and precious metals, including gold, silver, and platinum. The initial proposal allowed state funds to use 10% of these assets; however, it was eventually amended to 5%. The state intends to implement this conservative strategy, which bridges Bitcoin’s exposure to its potential future growth while keeping volatility and regulatory complexities in check.

According to reports, State Treasurer Monica Mezzapelle is currently interested in investing specific state funds in new assets if the legislation passes. This demonstrates that the state views potential in building wealth beyond standardized investment methods. Under this bill, the acquired assets must either be held by a qualified custodian or exist in an exchange-traded product to adhere to regulatory compliance standards. Such legislation positions New Hampshire, North Carolina, Oklahoma, and Texas as states that form part of the national push to consider this law. 

The Bigger Picture: A National Crypto Strategy on the Horizon?

The new stance of the New Hampshire Bitcoin bill arises during ongoing debates about cryptocurrency reserves. Former U.S. President Donald Trump launched a “Crypto Strategic Reserve” that includes Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA) storage. The Bitcoin CIO at Bitwise, Matt Hougan, predicts that the upcoming crypto strategic reserve will have Bitcoin as its main component.

The rising acceptance demonstrates that Bitcoin, along with digital assets, is being recognized as a mainstream financial instrument rather than a speculative asset. Heritage Foundation’s support for Bitcoin reserves will force federal agencies to create better cryptocurrency investment guidelines, strengthening digital currencies’ acceptance in government funding strategies.

A decisive vote from the New Hampshire House will determine whether the state adopts Bitcoin investment strategies. If this bill is successful, it will prompt other U.S. states to create Bitcoin-friendly laws that will boost nationwide cryptocurrency adoption.

What’s Next?

New Hampshire has achieved a significant breakthrough with its Bitcoin bill as all House members voted for its advancement. This has marked a historic moment in regional cryptocurrency regulation. The future House vote will determine the wide-ranging effects that Bitcoin adoption will have on governmental financial decisions. 

The widespread adoption of Bitcoin-held state reserves depends heavily on how other states choose to react to this move. Mainstream financial discussions about Bitcoin grow at an accelerated pace as New Hampshire proves to be at the forefront of this advancement.