On May 7, #SAAS , according to a statement released by the Satoshi Action Fund, New Hampshire has officially signed HB 302, becoming the first state in the U.S. to pass legislation for a "Strategic Bitcoin Reserve" (SBR). The bill authorizes the state treasurer to purchase Bitcoin or digital assets with a market capitalization exceeding $500 billion, with a holdings cap set at 5% of total reserve funds. The reserve assets must be custodied through a multi-signature mechanism or exchange products compliant with U.S. regulations, ensuring transparency and security. The bill will officially take effect in 60 days.
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On May 7, #SAAS , according to a statement released by the Satoshi Action Fund, New Hampshire has officially signed HB 302, becoming the first state in the U.S. to pass legislation for a "Strategic Bitcoin Reserve" (SBR). The bill authorizes the state treasurer to purchase Bitcoin or digital assets with a market capitalization exceeding $500 billion, with a holdings cap set at 5% of total reserve funds. The reserve assets must be custodied through a multi-signature mechanism or exchange products compliant with U.S. regulations, ensuring transparency and security. The bill will officially take effect in 60 days.