News Hampshire made history as it became the first U.S.state to pass a Bitcoin Reserve Bill into law. The bill was introduced by Republican Representative Keith Ammon and co-sponsored by Democrats Chris McAleer and Carry Spier.
Now, it has officially been signed. The legislation lets the state treasurer buy Bitcoin and other digital assets, but only if they have a market cap of atleast $500 billion.
The bill also permits up to 5% of state funds to be allocated to digital assets with a market cap of at least $500 billion. Right now, only Bitcoin meets that standard. The bill initially included stablecoins and staking, but both were removed from the bill when it was sent to the committee. It also lowered the investment cap on digital assets from 10% to 5% to make the proposal safer.
Moreover, the asset must be held by custodians who are certified or through regulated exchange-traded products in order to ensure security. Meanwhile, Florida has recently withdrawn two major bills, House Bill 487 and Senate Bill 550, that initially sought to authorize the state to invest public funds in Bitcoin.
Both bills were first introduced in February 2025, but are now “indefinitely postponed and withdrawn from consideration,” according to the Florida Senate website. Florida now joins states like Montana, Wyoming, and Pennsylvania in backing away from crypto investment strategies.
However, other states like U.S. Utah, Texas, Oklahoma, and Arizona are still actively pushing Bitcoin-related legislation. Texas introduced a bill to create a BTC reserve held for at least five years.
Oklahoma passed a similar bill through a committee with strong support. Utah’s HB230 allows up to 5% of funds to go toward digital assets. Arizona’s SB 1025 passed both chambers before being vetoed by the governor.
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