New Hampshire introduce crypto Strategic Reserve Bill

New Hampshire has introduced a bill that aims to create a “Strategic Reserve” which will include both traditional precious metals and digital assets like Bitcoin.

New Hampshire introduces crypto Strategic Reserve Bill, Source: X

This announcement has been shared by Dennis Porter, co-founder and CEO of Satoshi Action Fund, announced on the X platform. This initiative would allow the state treasury to invest in both traditional precious metals like gold, silver, and platinum, as well as modern digital assets such as Bitcoin.

The proposed legislation aims to bring new regulations that would define “qualified custodians” and “secure custody solutions” to ensure the safe storage and handling of digital assets. It also seeks to facilitate operations through the use of regulated and approved exchange-traded products (ETPs).

These products, which derive value from assets like stocks, bonds, or commodities, would be traded on US-regulated exchanges and be compliant with oversight from authorities such as the SEC and CFTC.

This move highlights New Hampshire’s intention to modernize its financial practices by integrating digital assets into the state’s treasury operations.