A Major Step Toward State BTC Adoption | Airdrop Alert Pro

The state legislative committee has cleared the Bitcoin preparation bill signed by Democrat Chris McAleer with the support of Democrat Chris McAleer in New Hampshire. This development has helped the state to enter the list of pro-BTC reserves such as North Carolina, Oklahoma and Texas, which have also completed this stage of the development process of the BTC reserve law. Want to know more? Continue reading!

Bitcoin Reserve Bill Progress in New Hampshire

this Housing Act 302 The House Business and Affairs Committee passed an impressive 16 votes.

The bill will be sent to the house for a full-floor voting.

What are the bills allowed?

The New Hampshire Bitcoin Reserves Act allows the state to invest 5% of the general funds, income stability funds or other state funds in BTC. Previously, the bill proposed a 10% allocation plan, but the limit was later reduced to 5%.

The bill provides that any BTC purchased must be held by a qualified custodian or an exchange-traded fund.

It is worth noting that it also allows investment in gold, platinum and platinum.

Why are there only Bitcoin qualifications?

The bill requires digital assets to have an average market capitalization of $500 billion over the past year.

BTC has a market capitalization of $1,818,844,481,172. Market capitalization Ethereum’s second largest cryptocurrency has a market capitalization of 276,335,550,823, and the third largest XRP is $145,046,239,952.

No cryptocurrency meets the prescribed requirements except Bitcoin.

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• New Hampshire’s Bitcoin Reserve Act: A major step towards national BTC adoption
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Trump’s Crypto Protected Area: Overview

US President Donald Trump Donald Trump Donald Trump is a former American politician, businessman and media personality who served as the 45th president of the United States between 2017 and 2021. Trump received his bachelor’s degree in economics from the University of Pennsylvania in 1968. Trump won the University of Pennsylvania in 1968. As president, Trump ordered a travel ban on citizens of several Muslim majority countries, shifting military funds to building walls at the U.S.-Mexico border and implementing a family separation policy. Trump remains a prominent figure in the Republican Party and is considered a candidate for the 2024 presidential election president His plan has been announced Crypto Strategic Reserve.

Since joining the office, the Trump administration has proposed several incremental policies, including the establishment of Crypto Task Force under the American Secret Association Create a clear crypto regulatory framework to support the crypto industry.

At present, it is not clear which crypto goods are included in the protected area.

Many industry leaders like Bitwise Cio Matt Hougan believe that the reserve will be dominated by Bitcoin. Some experts even think this will be a reserve of BTC only.

In short, U.S. states such as Utah and Arizona have made great progress in creating legal frameworks to support the company BTC Reserve Plan.

With the movement of New Hampshire Adopt Bitcoin In the national reserve, the full vote will be crucial. If passed, this could mark another step towards state-level Bitcoin, while aligning with the wider national crypto development.