A Historic Moment for Bitcoin (BTC): For the First Time, a US State Approves a Bitcoin Strategic Reserve Law

A historic step was taken in the United States: New Hampshire became the first state to legislate the “Strategic Bitcoin Reserve” (SBR) model, adopting the first law that allows the use of digital assets at the state treasury level. The state enacted the bill, HB 302, with the governor’s signature. Under the new law, state treasuries will be able to purchase Bitcoin and certain high-level digital assets and add them to their reserves. The law was inspired by the “Strategic Bitcoin Reserve” model law developed by the Satoshi Action Fund. Satoshi Action CEO and co-founder Dennis Porter said, “Satoshi Action wrote the model, New Hampshire signed it into law. 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? Authorizes Purchases of Bitcoin and High-End Digital Assets: The state treasurer will be able to include in the reserves digital assets with a market value of over $500 billion. Currently, only Bitcoin meets this criterion. Limits Reserve Share to 5%: Bitcoin holdings are limited to not exceeding 5% of the state’s total financial reserves. US Regulatory Safekeeping Requirement: Assets will be held in multi-signature state-controlled wallets, through a qualified custodian, or in a US-regulated exchange-traded product. The Law Will Come Into Force Within 60 Days: The state treasury will begin activating the new reserve structure within two months. *This is not investment advice. Source: https://en.bitcoinsistemi.com/a-historic-moment-for-bitcoin-btc-for-the-first-time-a-us-state-approves-a-bitcoin-strategic-reserve-law/