New Hampshire’s House and Florida’s House Insurance and Banking Committee have promoted bills, respectively, allowing their states to build bitcoin reserves.
The New Hampshire house approved his Bitcoin Reserve Bill, HB302, in the vote of April 10, 192-179, which will now move to the Senate. The state is now the fourth to pass the reserve bill of BitCoin (BTC) through a chamber, joining Arizona, Texas and Oklahoma.
If the HB302 cleanses the New Hampshire Senate and Governor Kelly Eviet, it will allow the state treasury to invest 10 % of the state’s general fund and other competent funds to invest in valuable metals and some digital assets. The bill also determines how they should be taken into custody.
The bill states that with only $ 500 billion in market capitalization, only will be eligible to invest in crypto currencies, which is a standard that currently only gets bitcoin.
The New Hampshire house has voted to pass the state’s Bitcoin Reserve Bill, HB302. Source: New Hampshire House for Representatives
In a debate before the vote, Democrat representative Terry Sphar argued that the bill was unnecessary and could damage the future security of the state’s digital assets.
“The committee was not aware of the committee and the sponsor (…) that the treasurer testified that he already had the authority.” He added that cryptocurrency is “changing and changing and changing, and it is dangerous that some types of protective measures have to be closed, and I think the bill works.”
Republican representative Jordan Alri confronted that the bill was necessary because it could “create a large amount of money earned by the state in these investors.”
New Hampshire has two other blockchain bills that are working through the legislature.
Florida House Committee passed the BitCoin Reserve Bill
Meanwhile, on April 10, Florida’s House Insurance and Banking Committee approved the state’s Bitcoin Reserve Bill, HB487 with a unanimous vote.
This bill has three committees to clear the Florida House before it is progressed.
Watch: Florida House Committee passed BitCoin Reserve Bill
Insurance and Banking Committee unanimously approved HB 487 today
Including the Bill Sponsor’s representative to transfer the testimony by Webster Barnabi pic.twitter.com/mialnvtfl9
– BitCoin Rules (@BitCoin_LoS) April 10, 2025
Like the New Hampshire bill, HB487 will allow Florida’s chief financial officer and the State Board of Administration to invest in some state funds – including the General Revenue Fund and the Budget Stability Fund – in BitCoin.
The sponsor of the bill, Republican Representative Webster Barnabi, “requested the committee to vote on this very important bill, which he claimed” will put Florida to the largest edge of this new technology. “
Related: US Federal Agencies will report Crypto Holding to Treasury by April 7
Florida’s bill provides the state’s financial chief directly, through some qualifying custodines, or directly investing in digital assets through exchange trade products and details of security and custody requirements.
According to Bitcoin rules, which detects the progress of digital assets legislation, Arizona is currently leading the race to become the first US state to establish a strategic bitcoin reserve.
Source: BitCoin’s rules
On March 24, two digital assets reserve bills, SB1373 and SB1025, cleared Arizona’s House Rules Committee and are now going to the state’s home for the entire floor vote.
If the House passes through, the bills will then need the signing of the Democratic Governor Katie Hubs, Arizona to become a law.
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