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New Hampshire's Executive Council voted 3-2 on July 8, 2026, to reject a proposal for a **$100 million Bitcoin-backed municipal bond**, which would have been the first of its kind issued in the United States.

The proposal, put forward by the state's Business Finance Authority, would have moved Bitcoin collateral into a state-linked public finance structure. The close vote reflects ongoing debates about whether public finance mechanisms should accept cryptocurrency as collateral.

This decision highlights the challenges crypto-backed financial instruments face when transitioning from specialized crypto credit markets to traditional government approval processes. While crypto-backed bonds have gained traction in private markets, this rejection demonstrates that municipal adoption remains contentious.

**Sources:**

- [CryptoSlate] New Hampshire rejects $100M Bitcoin-backed bond after public finance hearing - Details on the 3-2 Executive Council vote and the Business Finance Authority structure
- [MSN] New Hampshire council rejects bitcoin-backed municipal bond - Initial reporting on the bond rejection
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Venüs_
· 9h ago
To The Moon 🌕
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Venüs_
· 9h ago
2026 GOGOGO 👊
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