The New Hampshire House of Representatives recently advanced the Bitcoin Reservoir Bill HB 302, a significant legislative move in the U.S. crypto landscape. This development, however, is only the preliminary step in a multi-stage process before it can be formally enacted. The bill is now transitioned to the New Hampshire Senate, where it will undergo further examination. Senate committees, including the Commerce and Finance Committees, are expected to hold detailed hearings to assess its implications for the state’s financial ecosystem.
Following this committee review, the Senate will conduct a comprehensive vote. Potential outcomes include passing the bill in its original form, proposing amendments, or outright rejection. Should amendments be introduced, it will necessitate a return to the House, establishing a need for legislative consensus.
Upon receiving approval from the Senate, the bill will be forwarded to the Governor for final consideration, who possesses the authority to sign, veto, or let the bill lapse into law without action. In the event of a veto, a two-thirds majority in both legislative chambers will be imperative to secure the bill’s passage. The timeline for the bill’s enactment will be in accordance with specified conditions outlined within the legislation itself.