New Hampshire Bitcoin Reserve Bill HB302 Moves Forward

• New Hampshire’s HB302 bill aims to establish a Bitcoin reserve.
• The bill passed the House committee with a strong 16-1 vote.
• If enacted, it could set a precedent for state-level Bitcoin adoption.

New Hampshire’s Bitcoin Reserve Bill Advances

New Hampshire’s House Bill 302 (HB302), which proposes the establishment of a Bitcoin reserve for the state, has successfully passed the House committee with an overwhelming 16-1 vote. This marks a significant step forward in the state’s exploration of Bitcoin adoption at the governmental level.

🔥 TODAY: New Hampshire Bitcoin Reserve bill HB302 has passed the House committee with a 16-1 vote. pic.twitter.com/T7ItgsctRN

— Cointelegraph (@Cointelegraph) March 6, 2025

A Major Step for Bitcoin Legislation

HB302 aims to allow New Hampshire to hold Bitcoin as part of its financial reserves, positioning the state as a leader in crypto-friendly legislation. The bill received strong bipartisan support, reflecting growing confidence in Bitcoin as a legitimate financial asset. If it becomes law, New Hampshire could join the ranks of other pro-crypto states looking to integrate Bitcoin into their financial systems.

Potential Impact on State Finances

Advocates of the bill argue that holding Bitcoin as a reserve asset could provide financial diversification and potential long-term gains for the state. Given Bitcoin’s historical performance and increasing institutional adoption, proponents believe this move could strengthen New Hampshire’s financial position. However, critics warn about Bitcoin’s volatility and the regulatory challenges that might arise.

As the bill progresses to the next stages of the legislative process, all eyes will be on New Hampshire to see if it sets a precedent for other states considering similar measures.