Somewhere in the legislative towers of New Hampshire, a peculiar scent wafted through the halls. It was the smell of fresh, digitally-printed legislative ambition! Governor Kelly Ayotte, pen in hand like a wizard holding a particularly eager wand, signed into law House Bill 302 (HB 302). This was announced with much fanfare (and probably some strong coffee) by Dennis Porter, CEO of the Satoshi Action Fund, whose title alone likely earns him free conference snacks for life.
Under this new magical rule—er, law—the state treasurer is now empowered to take up to 10% of the state’s general fund, plus any other official coffers not already earmarked for toilet paper or traffic cones, and put it into precious metals and digital assets. Of course, those digital assets have to be über-huge, with more than $500 billion in market cap. Currently, that’s just Bitcoin, but who’s counting? (Spoiler: Anyone who owns Dogecoin is, but with tears).
The spellbook for this policy came from the Satoshi Action Fund’s model legislation. The intent: promote sound money principles, digital innovation, and, ideally, avoid the sort of budget blunder that leads to a state treasurer living in a yurt. New Hampshire can now pile Bitcoin in the metaphorical cellar—directly, via exchange-traded products, or using the digital equivalent of a padlocked chest guarded by a very grumpy dragon (known in the trade as “custodians”).
“HB 302 proves you can protect taxpayer money, diversify reserves, and future-proof state treasuries—all while embracing the most secure monetary network on Earth,” said Porter, possibly while polishing his ‘I Told You So’ mug. “New Hampshire didn’t just pass a bill; it sparked a movement.” Cue dramatic music and thunderclap.⛈️
In other words, Bitcoin fans are now doing little celebratory jigs in the rain, convinced this marks not just a step, but a leap for mainstream adoption. Somewhere, a crypto enthusiast sheds a joyful tear onto his hardware wallet. 🚀
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2025-05-06 22:10