House modern Hampshire House and Florida House Insurance and Banking Committee have properly advanced bills, enabling their countries to create Bitcoin reserves.
The Modern Hampshire house has transferred the Bitcoin, HB302 reserve account, In 192-179 vote April 10, which will now go to the Senate. The state is now the fourth, which will undergo Bitcoin (BTC) reserve account via one chamber, joining Arizona, Texas and Oklahoma.
If the HB302 removes the Modern Hampshire Senate, and the governor Kelly Ayotte signs it, it would allow the state treasurer to apply 10% of the general state fund and other authorized funds to invest in precious metals and some digital assets. The Act also specifies how employed should be.
The Act specifies that only cryptocurrencies on market capitalization in the amount of over $ 500 billion are eligible for investment, which is criteria that currently only bitcoins.
The Modern Hampshire House votes for the opinion of HB302, the Bitcoin state reserve account. Source: Modern Chamber of Representatives in Modern Hampshire
In the debate before the vote, a representative of the Democrats, Terry Spahr, argued that the bill is unnecessary and may undermine the future security of the state digital actions.
“Without the knowledge of the committee and the sponsor […] The treasurer testified that they already had this authority – said Spahr. He added that the cryptocurrency “is constantly changing and changing, and it is a bit risky to be in a sense to block some types of security measures, and I think Bill does it.”
Republican representative Jordan Ulery replied that the act is necessary because it can create “the potential of a gigantic amount earned by the state in these investments.”
New Hampshire has two other bills related to blockchains operating by legislation-HB310, which includes stabelecoin and tokenization of assets in the real world (RWA) and HB 639, which deal with the regulation of blockchain and the resolution of the dispute.
The House Florida committee transfers the Bitcoin reserve account
Meanwhile, on April 10, the Florida House and Banking Committee adopted the State Bitcoin reserve BillHB487, with a unanimous voice.
The act has three committees to neat before it passes home in Florida.
Watch: Florida House Committee transfers the Bitcoin reserve invoice
The Insurance and Bank Committee has been unanimously HB 487 today
Including transferring testimonies from the representative of Bill Sponsor. Webster Barnaby pic.twitter.com/myalnvtfl9
– Bitcoin Laws (@bitcoin_laws) April 10, 2025
Similarly to the Modern Hampshire Act, HB487 would allow the financial director of Florida and the State Administrative Council to invest up to 10% of some state funds – including the General Fund of Revenues and the Budget Stabilization Fund – in Bitcoin.
Project sponsor, a republican representative of Webster Barnaby, begged the committee before voting “to vote on this very important bill”, which, he claimed, “will put Florida on the most important new technology.”
Related: US Federal Agencies to report Crypto Holdings to the treasury until April 7
Florida’s account gives the financial boss the opportunity to directly invest in digital assets, through some qualified carers or through products and details of safety and care requirements.
According to To Bitcoin, which follow the progress of the regulations regarding digital assets, Arizona is currently running a race to become the first state of the USA, which has established a strategic Bitcoin reserve.
Source: Bitcoin rights
On March 24, two bills for digital assets, SB1373 and SB1025, were removed by the Arizona Chamber Return Committee and now went to the State House for voting on the first floor.
If the chamber was adopted, the bills need then the signature of the Democratic Governor Arizona, Katie Hobbs, to become the law.
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