The states of New Hampshire and North Dakota are now moving forward with bills that propose establishing a Strategic Bitcoin Reserve. This action indicates a growing trend among U.S. legislators who aim to expand their state’s financial reserves by investing in Bitcoin.
As a researcher delving into this topic, I’ve come across information suggesting that a bill was proposed in New Hampshire. This proposal originated from Representative Keith Ammon, a Republican representing the 40th District.
The proposed law in New Hampshire doesn’t directly name Bitcoin (BTC), opting instead for the term “digital assets.” According to Porter, this approach can be seen as a “subtle” method used by state legislators to pass the bill without stirring up much political controversy.
According to Porter, the aim is usually Bitcoin, but it’s not always feasible due to the specific state (regulations or circumstances).
On the very same day, representatives from North Dakota proposed a bill for a Strategic Bitcoin Reserve. This initiative was backed by Representatives Nathan Toman, Josh Christy, and Senator Jeff Barta.
11 North Dakota lawmakers have already signed on as sponsors for the bill, as stated by Porter in a message posted on the X social media network.
In November, the Pennsylvania House of Representatives presented a bill for establishing a state-level Bitcoin reserve, drawing inspiration from a plan by the Satoshi Action Fund. During this period, Representative Mike Cabell referred to Bitcoin as a safeguard against inflation and other potential economic turbulences.
All eyes on Trump as inauguration looms
Discussions about establishing a Strategic Bitcoin Reserve have gained momentum since the summer, with Donald Trump pledging to transform America into the global leader in cryptocurrency and Bitcoin if he secured the presidency. This commitment involved directing the Treasury Department to amass a substantial amount of Bitcoin.
Following Trump’s victory in the November presidential election, there has been a strong desire among industry advocates for him to fulfill his pledged actions.
Some commentators, such as Jack Mallers from Strike, propose that President Trump might issue an executive order declaring Bitcoin as a national reserve asset on his first day in office.
Nevertheless, some individuals such as Mike Novogratz, the founder of Galaxy Digital, think it’s improbable for a Bitcoin reserve to be established.
On Polymarket, it’s reported that there’s roughly a 27% likelihood that President Trump will create a Bitcoin reserve within his initial 100 days in office. Interestingly, this probability was at approximately 45% back in November.
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2025-01-11 00:35