New Hampshire’s move is quite interesting: municipal bonds backed by Bitcoin, custodied by BitGo, with a scale of $100 million—not small. The hearing on July 8 is worth watching.

Wu Xie has learned that the Governor and the Executive Council of the U.S. state of New Hampshire will hold a public hearing on July 8 on a municipal revenue bond backed by Bitcoin, with an amount of no more than $100 million. The project is being advanced by the New Hampshire Business Finance Authority (BFA), and BitGo will serve as the custodian for the Bitcoin collateral. The BFA previously said that the transaction does not involve taxpayer funds or state government guarantees, and final issuance is still subject to approval by the Governor and the Executive Council.