In a move that’s bound to make even the most seasoned crypto enthusiasts raise an eyebrow, Kelly Ayotte, the Governor of New Hampshire, has just signed a bill that allows the state’s treasurer to play around with cryptocurrencies. Yes, you read that right: the state of New Hampshire, home of granite mountains and the occasional moose, is officially in the crypto game.
On May 6, Ayotte made the big announcement via social media (because, of course, that’s how all important state decisions are shared these days), revealing that New Hampshire will now be able to “invest in cryptocurrency and precious metals.” No, this isn’t some overzealous millennial trying to make the state “cool” by buying Bitcoin. This is the *actual* government. And apparently, it’s not joking around.
The bill, which passed through the state’s Senate and House like a hot knife through butter, is known as House Bill 302. Introduced in January, it’s a financial gamble of monumental proportions—like giving your grandma a loaded credit card in a Las Vegas casino. The bill allows New Hampshire to pour funds into cryptocurrencies that have a market cap of more than $500 billion, which basically means Bitcoin (BTC) and… well, that’s pretty much it. No room for the meme coins or the tokens that are all the rage with the 12-year-olds on TikTok.
With the signing of this new law, New Hampshire has become the first of many states to entertain the idea of a strategic Bitcoin reserve. It’s like a cool new trend among states, only this one involves a massive amount of digital currency and no idea what’s going to happen next. Other states, including Arizona, were considering similar moves, though Arizona’s bill got cold feet when Governor Katie Hobbs vetoed it on May 2. Guess she wasn’t feeling the crypto vibe that day.
Stay tuned, folks! This is a developing story, and as soon as we get more info, we’ll be right here, ready to tell you all about it. It’s New Hampshire, after all. Anything can happen. 🚀
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2025-05-06 21:28