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In several US states, proposals to use Bitcoin 
$108,193 and other cryptocurrencies as reserve assets are being debated. While many have faced rejection, recently, a proposal received all necessary approvals before being vetoed by the Governor. However, which state successfully completed this process?
First US State Bitcoin Reserve
The cryptocurrency markets are under pressure as the Federal Reserve meeting approaches. However, not all news is negative. Recently, Dennis Porter announced a positive development. New Hampshire became the first state to approve and enact the Strategic Bitcoin Reserve idea. This announcement came from Dennis, the founder of Satoshi Action Fund, an organization advocating for Bitcoin-friendly legislation.
“Recently, the Governor of New Hampshire signed HB 302, the nation’s first Bitcoin and Digital Assets Reserve Fund based on a policy framework directly derived from Satoshi Action’s Strategic Bitcoin Reserve (SBR) model.”
The HB 302 law allows public funds to be invested in precious metals and cryptocurrencies with a market value of over $500 billion. While Bitcoin meets this threshold, Ethereum 
$2,728 might surpass it during a potential bull market, adding it to the options.
The state treasurer can utilize up to 10% of the state’s general assets for investment. Other authorized funds can also participate in acquisitions. Dennis noted that they laid the foundation for the proposal, stating:
“Satoshi Action prepared the model, New Hampshire turned it into law, and now any treasurer in the nation can follow this roadmap.
HB 302 proves that you can safeguard taxpayer money, diversify reserves, and prepare state treasuries for the future while embracing the world’s most secure monetary network. New Hampshire didn’t just pass a bill; it initiated a movement.”
The Future of Bitcoin (BTC)
The US Federal Government has decided to reserve rather than sell existing cryptocurrencies. Agreements for creating Bitcoin reserves are being worked on statewide, and the first approval has been received. The strategy aims to acquire tens of billions of dollars worth of BTC alone, with execution forthcoming.
BlackRock’s assets have already surpassed $50 billion, and around 70 altcoin ETFs await final decisions this year. Amidst all these developments, as demand for cryptocurrencies both institutionally and publicly is poised to surge, markets struggle under tariff pressures. If this narrative had been presented a few years ago, suggesting something would block price increases despite good news, no one would likely have believed it. Even when Yellen mentioned Bitcoin, prices rose. Now, with Trump declaring he would make the US the world’s crypto capital and many developments occurring, the crypto landscape remains stagnant.
