The cryptocurrency market has just seen a landmark development take place as New Hampshire has officially signed a bill allowing the state to invest in Bitcoin and other crypto. Indeed, Governor Kelly Ayotte posted to X (formerly Twitter) confirming that it is now the first state to pass such legislation.
The bill reached the desk of Governor Ayotte after passing through the Senate last week. Subsequently, its arrival will officially authorize the state treasurer to invest in the asset class, in what is a massive moment for the industry in the US. Now, all eyes are on whether the legislation will inspire a new trend for other states considering similar bills to follow.
New Hampshire is once again First in the Nation! 🎉
Just signed a new law allowing our state to invest in cryptocurrency and precious metals. pic.twitter.com/ua9bawZKbM— Governor Kelly Ayotte (@KellyAyotte) May 6, 2025
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New Hampshire Becomes 1st State to Authorize Treasurer to Invest in Bitcoin & Crypto
Entering 2025, the cryptocurrency market faced unbridled potential. With Donald Trump returning to the White House, he was bringing with him the first pro-crypto administration in history. Moreover, his favorable stance on the asset had Standard Chartered projecting Bitcoin to reach heights of $500,000 before he ended his second term.
One key reason for the optimism was what his appointment meant for the industry across the country at the state level. That has come to fruition in a big way today, as New Hampshire has signed a bill allowing the state to invest in Bitcoin and other cryptocurrencies. Indeed, it has officially become the first state to do so.
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“New Hampshire is once again first in the nation,” Governor Ayotte said in a post to X. “Just signed a new law allowing our state to invest in cryptocurrency and precious metals,” she added. Conversely, the Senate-passed bill features a $500 billion market cap threshold for investors, meaning BTC will be the only asset that qualifies at this time.
The threshold was critical, as Senator Tim Lang noted that the legislation required “some guardrails around it” prior to being passed. However, all eyes are on what this could mean for states eyeing similar action.
“I do not invest in Bitcoin and would not recommend it,” Senator Dan Innis said. “However, I think that we need to trust the treasurer to do the right thing.” Additionally, he noted that the treasury “understands how to invest for the best return. And this is enabling. It’s all it is.”