Legislative efforts to introduce state-level Bitcoin reserves are gaining momentum in the United States, with both New Hampshire and Florida advancing bills aimed at allowing their respective governments to hold Bitcoin as part of their financial reserves.
On April 10, New Hampshire’s House passed bill HB302 in a narrow 192-179 vote. The legislation now moves to the state Senate for further debate.
If approved and signed into law by Governor Kelly Ayotte, the bill would authorize the state treasurer to allocate up to 10% of New Hampshire’s general fund and other approved state funds into investments in precious metals and digital assets.
EXPLORE: 10 Best AI Crypto Coins to Invest in 2025
Bitcoin Stands Alone as Only Eligible Asset Under $500B Market Cap Rule
The bill restricts investments to cryptocurrencies with a market capitalization exceeding $500 billion. At present, Bitcoin is the only cryptocurrency that meets that threshold.
The bill also outlines guidelines for how such assets should be securely custodied. However, the proposal sparked debate. Democratic Representative Terry Spahr opposed the measure, noting that the state treasurer already has the authority to invest in alternative assets.
He also raised concerns about locking the state into specific asset classes amid a volatile and fast-changing crypto landscape. In contrast, Republican Representative Jordan Ulery argued the bill could help the state earn significant returns through strategic crypto investments.
New Hampshire is now the fourth state to have passed a Bitcoin reserve bill through at least one legislative chamber, joining Arizona, Texas, and Oklahoma.
WATCH: Florida House Committee PASSES Bitcoin Reserve Bill
The Insurance and Banking Committee passed HB 487 unanimously today
Including moving testimony from bill sponsor Rep. Webster Barnaby pic.twitter.com/myAlNvtFl9
— Bitcoin Laws (@Bitcoin_Laws) April 10, 2025
The state is also advancing two other blockchain-related bills—HB310, which addresses stablecoins and real-world asset tokenization, and HB639, which focuses on blockchain regulation and dispute resolution mechanisms.
EXPLORE: Best New Cryptocurrencies to Invest in 2025
Florida Committee Unanimously Approves Bill to Allow State Bitcoin Investments
Meanwhile, Florida is making similar strides. On the same day, Florida’s House Insurance and Banking Committee unanimously passed HB487, a bill that would allow the state’s Chief Financial Officer and the State Board of Administration to invest up to 10% of select funds into Bitcoin.
The bill must still pass through two more committees before it reaches the full House for a vote. Its sponsor, Republican Representative Webster Barnaby, urged the committee to support the bill, describing it as a chance to place Florida at the forefront of digital financial innovation.
Florida’s proposal includes detailed provisions for how the digital assets would be managed, including direct investments via qualified custodians and through exchange-traded products.
According to legislative tracker Bitcoin Laws, Arizona remains in the lead among states pursuing formal Bitcoin reserves.
Two reserve-related bills there—SB1373 and SB1025—have cleared the House Rules Committee and await a full floor vote. If passed, they would then need Governor Katie Hobbs’ signature to become law.
DISCOVER: Best Meme Coin ICOs to Invest in April 2025
Join The 99Bitcoins News Discord Here For The Latest Market Updates
Key Takeaways
- New Hampshire and Florida are advancing bills to allow state-level Bitcoin reserves, allocating up to 10% of certain funds into BTC.
- New Hampshire’s bill restricts investments to cryptocurrencies with a market cap over $500 billion, currently qualifying only Bitcoin.
- Florida’s proposal includes specific custody and investment rules, while Arizona continues to lead in passing Bitcoin reserve legislation.
The post New Hampshire and Florida Advance Bills to Establish State Bitcoin Reserves appeared first on 99Bitcoins.
