New Hampshire and North Dakota Push for State Bitcoin Reserves
New Hampshire and North Dakota are the latest states to propose creating a strategic Bitcoin reserve, reflecting a growing interest among lawmakers in integrating cryptocurrency into state treasuries.
In New Hampshire, Representative Keith Ammon introduced a bill referring to “digital assets,” a strategic phrasing to reduce potential political opposition, according to Satoshi Action Fund CEO Dennis Porter. While the legislation aims to focus on Bitcoin, Porter noted that some states avoid naming it directly to navigate legislative hurdles.
North Dakota followed suit, with a similar proposal led by Representatives Nathan Toman and Josh Christy, along with Senator Jeff Barta. The bill already has 11 sponsors, signaling strong support in the state legislature, Porter shared on social media.
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This movement is not isolated. Pennsylvania initiated a similar effort in November, with lawmakers like Representative Mike Cabell describing Bitcoin as a safeguard against inflation and economic instability. The proposal was inspired by the Satoshi Action Fund, which has been advocating for state-level Bitcoin reserves across the country.
The push for strategic Bitcoin reserves gained momentum during the summer when Donald Trump, then a presidential candidate, pledged to transform the U.S. into the global hub for cryptocurrency and Bitcoin if elected. His promise included plans for the Treasury to accumulate a significant Bitcoin reserve. Following Trump’s election victory in November, the crypto community has been eagerly awaiting his administration’s next steps.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
