New Hampshire and North Dakota propose tech-neutral bills to establish Bitcoin reserves

New Hampshire and North Dakota propose tech-neutral bills to establish Bitcoin reserves. These bills take a tech-neutral stance, avoiding direct references to Bitcoin, which reflects a strategic effort to integrate cryptocurrency into state finances. This move aligns with plans from the new administration to incorporate crypto into economic strategies, showing a growing trend among U.S. states.

The main goal is to diversify state funds to guard against financial risks like inflation. North Dakota's lawmakers suggested including digital assets and precious metals in the state’s investment portfolio.

House Concurrent Resolution 3001 promotes the use of state funds, including general and legacy funds, for these alternative assets. While Bitcoin is not explicitly mentioned, its leading role in the crypto market makes it a likely candidate.

In New Hampshire, a similar bill aims to establish a Bitcoin reserve. The legislation sets criteria for eligibility, such as a market cap over $500 billion in the past year, which makes Bitcoin the only cryptocurrency that fits this requirement.

Some critics express concern that not naming Bitcoin could allow for other assets to be included. However, supporters argue that this tech-neutral language is a smart strategy to avoid political backlash. Dennis Porter, a pro-Bitcoin advocate, noted that using neutral terms can help lawmakers pass these measures with less controversy.

The interest in Bitcoin reserves is expanding, with states like Texas, Florida, Pennsylvania, and Alabama also considering similar initiatives. This trend may be influenced by President-elect Donald Trump’s idea of a national Bitcoin reserve.

Currently, the U.S. government holds around 200,000 BTC, valued at $18 billion. Experts suggest that the new administration may reclaim Bitcoin to enhance the U.S. position in the global crypto market.

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