A new AA bill introduced by Rep. Keith Ammon could allow New Hampshire's treasury to hold Bitcoin as a reserved asset.
Republican Rep. Keith Ammon is recommended legislation that would establish strategic Bitcoin (BTC) reserve for the state, allowing the state treasury to hold BTC alongside traditional assets such as gold, silver, and platinum.
The bill of Rep. Ammon introduces “secure custody solutions” to protect New Hampshire's potential BTC stash. Even states now have to adopt a crypto wallet like skyrockets.
If adopted, New Hampshire could become a leader in the push for state-controlled Bitcoin reserves. However, there is strong competition from other states that are considering similar measures.
As previously reported, Texas, Ohio, and some 10 other US states to consider BTC finance legislation. Lawmakers like Cynthia Lummis also advocated for a BTC reserve at the federal level.
The idea of a US-based Bitcoin reserve emerged last year, driven in part by former President Donald Trump's campaign to appeal to the crypto voting bloc. Trump promised to make the US a global leader in cryptocurrency and proposed building Bitcoin stock from the government's 207,000 BTC holdings.
Now, less than two weeks into 2025, predictions that more jurisdictions would be moving to accept Bitcoin reserves are starting to come true. In addition to US states, countries such as Brazil and Poland have also begun to explore the concept of keeping Bitcoin in their national treasuries.
