Bitcoin Reserve Bills Advance in New Hampshire and Florida

New Hampshire’s House Insurance and Banking Committee and Florida’s House Banking and Insurance committee both have bills that allow their respective state to create Bitcoin Reserves.

New Hampshire House has passed HB302, the Bitcoin Reserve bill. The 192-179 vote On April 10, which now heads to the Senate. This is the state’s fourth Bitcoin law.BTCArizona, Texas, Oklahoma and Texas are joined by a reserve bill that is passed through a chamber.

HB302 would be made law if the New Hampshire Senate passes it and the Governor Kelly Ayotte sign it. It will allow the Treasurer of New Hampshire the ability to use up to 10% from the general fund, as well other funds authorized by the governor to invest in digital assets and precious metals. This bill also outlines how these assets should be accounted for.

Bill specifies only that cryptocurrencies with market capitalization over $500 billion will be eligible for investments, which is a criterion that Bitcoin meets currently.

In a debate before the vote Terry Spahr, Democrat representative, argued that this bill is not necessary and may undermine future security for the digital assets of the State. 

“Unbeknownst to the committee and to the sponsor […] the treasurer testified that they already have that authority,” Spahr added. Spahr added that cryptocurrency was “constantly shifting and changing, and it’s sort of dangerous to be kind of locked into certain types of security measures, and I think that bill does this.”

Republican Representative Jordan Ulery responded that this bill was needed as it would create new jobs. “potential for a large amount of money being earned by the state in these investments.”

New Hampshire has two other blockchain-related bills working their way through the legislature — HB310, which covers stablecoins and real-world asset tokenization (RWA) and HB 639, which deals with blockchain regulation and dispute resolution.

Florida House Committee adopts Bitcoin Reserve Bill 

The Florida House Insurance and Banking Committee also passed a Bitcoin reserve on April 10. bill, HB487, A unanimous vote is required.

Three committees must approve the bill before it can move to Florida’s House.

Florida House Committee Passes Bitcoin Reserve Bill

Today, the Insurance and Banking Committee unanimously passed HB 487)

Webster Barnaby’s moving testimony is included. pic.twitter.com/myAlNvtFl9

— Bitcoin Laws (@Bitcoin_Laws) April 10, 2025

Similar to New Hampshire’s bill, HB487 would allow Florida’s chief financial officer and the State Board of Administration to invest up to 10% of certain state funds — including the General Revenue Fund and the Budget Stabilization Fund — into Bitcoin.

Before the Committee voted, Webster Barnaby, Republican Representative and bill sponsor of the bill, pleaded before it. “to vote up on this very important bill” He claimed that he would “put Florida in the leading edge of this very new technology.”

Related: US federal agencies to report crypto holdings to Treasury by April 7

Florida’s legislation gives its financial chiefs the power to invest directly in digital assets, via certain custodians or exchange traded products, and details the security and custody requirements.

According According to Bitcoin Laws which tracks progress in digital asset legislation, Arizona currently leads the race for becoming the first US State to create a strategic Bitcoin Reserve. 

SB1373 (Digital Asset Reserve Bill) and SB1025 (Digital Asset Reserve Bill), both bills were introduced on March 24. cleared Arizona’s House Rules Committee Now they are heading to the House in order to vote on a final floor. 

Katie Hobbs is the Democratic governor of Arizona.

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