New Hampshire State Representative Keith Ammon has introduced a bill that seeks to create a strategic reserve of digital assets, including cryptocurrencies and US-pegged stablecoins, in the state treasury. The bill caps investments in these assets at 10% of the total public funds, or around $360 million. The assets must be held in secure custody solutions and approved by regulatory bodies. Currently, only Bitcoin meets the market cap requirement, but stablecoins like Tether and USD Coin can also be added. The bill also allows for investment in traditional precious metals and proposes the integration of staking. Many other US states are reportedly preparing to introduce similar bills.



Other News from Today