US’ New Hampshire House of Representatives has passed a Bitcoin Reserve Act HB 302, which is now required to go through some steps to become law.
New Hampshire’s Bitcoin Reserve Bill
The Bitcoin Reserve bill now moves to the New Hampshire Senate for discussion. The Senate will review the bill, possibly holding hearings and discussions in committees like Commerce or Finance. If the committee passes, the bill will go to the full Senate for a vote, which may pass, amend, or reject the bill. If there are amendments, the bill will go back to the House for reconsideration to reach a consensus.
Upon receiving approval from the Senate, the Reserve bill goes to the governor, who can choose to sign the bill into law, veto the bill (exercise his veto power), or take no action. If the governor vetoes, the bill will move back to the legislature, wherein a two-thirds majority vote in both chambers would be needed to override the veto.
Lastly, once signed by the governor or the veto is overridden, the Bitcoin Reserve bill becomes effective on the date specified in its text, which is usually a certain amount of time after signing (for e.g., 60 days or the beginning of the next fiscal year).
Bitcoin Developments in Other US States
Several other US states also saw some similar developments in Bitcoin.
Major policy progress this week!
1. New Hampshire passed Strategic Bitcoin Reserve out of the House
2. New Hampshire also passed protections for Digital Rights such as the right to self-custody out of the House
3. Florida passed Strategic Bitcoin Reserve out of committee🇺🇸
— Satoshi Action Fund (@SatoshiActFund) April 10, 2025
Apart from New Hampshire, Arizona, too, has officially passed the Bitcoin Mining Rights Act HB 2342, which protects anyone who runs a node or mines digital assets from partitions or usage bans.
The Bitcoin Mining bill passed the Senate today by a vote of 17 to 12 and has now gone to the governor’s office for his signature. Meanwhile, another US state of Florida saw a similar development. The Florida Insurance and Banking Commission passed the Bitcoin Reserve Act HB 487. The Florida Bitcoin Act HB 487 will still have to pass through three committees in the House of Representatives, including Government Operations Committee, Finance Committee, and the Commerce Committee.
Also Read: Bitcoin Eyes $100k Breakout As Trump’s Tariff Pause Brought Whale Influx
