New Hampshire Proposes Strategic Reserve Bill Allowing Bitcoin Investments, Says Satoshi Action Fund CEO

On January 11th, COINOTAG News reported that Dennis Porter, co-founder and CEO of the Satoshi Action Fund (SAF), highlighted a significant legislative move by New Hampshire State Representative Keith Ammon. Representative Ammon proposed a bill aimed at creating a “strategic reserve” that would enable the state treasury to diversify its investments into both traditional precious metals, such as gold, silver, and platinum, as well as modern assets like cryptocurrencies, particularly Bitcoin. The anticipated bill will delineate definitions for “Qualified Custodian” and “Secure Custody Solution”, which are crucial for establishing guidelines on the secure storage of digital assets. This legislative effort underscores a growing recognition of the need for regulated financial frameworks for digital currencies in the evolving economic landscape.