New Hampshire Governor Kelly Ayotte has signed a groundbreaking bill that allows the state's treasurer to invest in cryptocurrencies, including Bitcoin. This legislation, known as House Bill 302, was introduced in January and permits investments in cryptocurrencies with a market capitalization exceeding $500 billion, thereby excluding smaller tokens and memecoins. The signing of this bill on May 6 marks New Hampshire as the first U.S. state to establish a strategic Bitcoin reserve under a Republican governor, especially notable since a similar bill in Arizona was vetoed just days earlier. The new law also allows investments in precious metals, highlighting New Hampshire's progressive stance on cryptocurrency adoption. This marks a significant development in the legislative landscape surrounding digital assets in the U.S., with several states, including New Hampshire, exploring similar initiatives.

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