New Hampshire Becomes First State to Pass Strategic Bitcoin Reserve Legislation

CONCORD, New Hampshire – On May 7, 2025, New Hampshire officially became the first state in the United States to enact the “Strategic Bitcoin Reserve” (SBR) legislation. This new law authorizes the state treasurer to purchase Bitcoin or other digital assets valued at more than $500 million, establishing a holding limit of 5% of the total reserve funds.

The legislation aims to manage reserve assets through a multi-signature mechanism or exchange products that comply with US regulations, ensuring transparency and security. The SBR bill is set to take effect in 60 days.

Among its multiple provisions, the bill reflects a growing trend among states to engage with cryptocurrency as a viable financial asset. Proponents argue that such measures could enhance the state’s financial stability and attract digital asset investments.

US Senator Chris Murphy is also making headlines, proposing the “MEME Act” aimed at prohibiting the president and members of Congress from issuing meme coins. Murphy decried meme coins like Trump Coin as potential corruption scandals.

In related news, Futu Securities announced the launch of cryptocurrency recharge services for Bitcoin (BTC), Ethereum (ETH), and Tether (USDT), allowing qualified investors to invest in both crypto and traditional assets seamlessly.

As legislation around cryptocurrency evolves, various industry players, including Binance, continue to innovate. Binance recently added Polyhedra Network (ZKJ) to its trading platform and announced a new airdrop for users with qualifying Alpha points.

Overall, the actions taken by New Hampshire and other stakeholders indicate a significant shift towards embracing digital assets in the financial landscape.