Citizen in a RepublicNH Bill Briefing
← All bills

HB 302 · 2025 · House · Commerce and Consumer Affairs Committee

State investment in crypto and metals

AI-generated

relative to enabling the state treasury to invest in precious metals and digital assets.

Authorizes the state treasurer to invest state funds in precious metals and digital assets.AI-generated

Status

Signed into law · May 7, 2025
  1. ✓Introduced
  2. ✓House
  3. ✓Senate
  4. ✓Governor
  5. ✓Law

Analysis

This bill enables the state treasurer to invest state funds into precious metals and digital assets.

From the bill's official ANALYSIS section.

In the bill's words

Quoted verbatim from the bill as enacted. Passages chosen from the operative text.Computed by this site

“"Exchange-Traded Product" or "ETP" means any financial instrument that is approved by the Securities and Exchange Commission, the Commodities Future Trading Commission, or the state securities commissioner that is traded on a United States-regulated exchange and derives its value from an underlying pool of assets, such as stocks, bonds, commodities, or indexes.”
RSA 6:8-d
““Qualified custodian” means any federal or state-chartered bank, trust company, or special purpose depository institution or a company regulated by the state which custodies digital assets for an approved exchange-traded product.”
RSA 6:8-d
““Secure custody solution” means a technological product or blended product and service which has all of the following characteristics:”
RSA 6:8-d
“Notwithstanding RSA 6:8, the state treasurer may invest a portion of public funds in precious metals and any digital assets with a market capitalization of over $500 billion averaged over the previous calendar year from the general fund, the revenue stabilization fund established in RSA 9:13-e, and any other funds as authorized by the legislature.”
RSA 6:8-d

Official record

Bill page — docket & status

gc.nh.gov · the authoritative source

Sponsors

Rep. Keith AmmonRPrimeMajority Floor Leader
  • Rep. Jason OsborneRMajority Leader
  • Rep. Joe SweeneyRDeputy Majority Leader
  • Rep. Joe AlexanderRChair· Housing
  • Sen. Daryl AbbasRPresident Pro Tempore
  • Sen. Kevin AvardRDeputy Majority Whip
  • Sen. Keith MurphyRVice Chair· Ways and Means

Also: Rep. Calvin BeaulierR, Rep. Mark WardenR

Public testimony

29 signed in online · 13 wrote testimony

31% support69% oppose0% neutral

In their wordsVerbatim, exactly as submitted

“As a proud 34-year resident of New Hampshire, I support HB 302 and establishing a State Bitcoin strategic reserve. This legislation will set a powerful precedent, showcasing forward-thinking leadership and instilling a strong sense of optimism for our state's economic future.…”
— Brittany Najem, Salemsupports
“My name is Christopher Laurent. I’ve been a taxpaying member of New Hampshire, my whole life, and I would love to see New Hampshire be one of the states that gets on board early with this new and exciting technology being made available to us in crypto”
— Chris Laurent, Derrysupports
“I am here today to express my strong support for the creation of a Bitcoin Strategic Reserve (bill introduced by Rep. Keith Ammon), in New Hampshire, with an important amendment: the legislation should explicitly specify “Bitcoin” rather than the broader term “cryptocurrency.”…”
— Chris Najem, Salemsupports
“Digital assets, crypto, is not a good idea. Crypto requires a lot of energy. Countries doing well with this have invested in alternate energy positioning them well for growth. The US has not and Trump is not a supporter of new energy sources.”
— Susan Carr, New Bostonopposes
“We need fiscal responsibility! We do not need to have our precious dollars invested in risky investments - especially crypto knowing its history. The people of this state are already struggling to even live here and pay their taxes.…”
— Nancy Cook, New Bostonopposes
“I absolutely do NOT want state funds going into crypto. Not enough people understand it so it would be very easy to "game" the system. I don't trust my government to give them that power.”
— Cynthia Stave, New Bostonopposes

Verbatim excerpts of submitted testimony, quoted from the testimony tool.

Read the testimony · as of Aug 12, 2026

Votes

yeanay
Starting text: Bill as introduced
  • Mar 5, 2025HouseCommittee report· consent calendar: Ought to Pass with Amendment # 2025-0138h16–1
    Overall
    94% yea
  • Mar 13, 2025HouseVoice voteAmendment 2025-0138hadopted
  • Mar 13, 2025HouseVoice voteOught to Pass with Amendment 2025-0138hadopted
    Resulting text: Bill as amended by the House
  • Apr 1, 2025HouseCommittee report· regular calendar: Ought to Pass11–8
    Overall
    58% yea
  • Apr 10, 2025HouseDivisionOught to PassAdopted192–179
    Overall
    52% yea
    Resulting text: Bill as amended by the House
  • May 1, 2025SenateCommittee report: Ought to Pass4–1
    Overall
    80% yea
  • May 1, 2025SenateVoice voteOught to Passadopted
  • May 1, 2025SenateVoice voteEnrolledadopted

Hearings and debates

  • Jan 15, 2025Public hearingHouse Commerce and Consumer Affairs1:32:15–1:42:5810m 43slocated in the stream transcriptPublic Hearing
  • Jan 22, 2025Public hearingHouse Commerce and Consumer Affairs3:53:44–3:58:344m 50slocated in the stream transcript==CANCELLED== Subcommittee Work Session; Subcommittee Work Session
  • Feb 11, 2025Public hearingHouse Commerce and Consumer AffairsWatchnot located in the transcript — opens the full streamSubcommittee Work Session
  • Feb 18, 2025Public hearingHouse Commerce and Consumer AffairsWatchnot located in the transcript — opens the full streamSubcommittee Work Session
  • Mar 5, 2025Public hearingHouse Commerce and Consumer Affairs17:04–28:4311m 39slocated in the stream transcriptCommittee Report: Ought to Pass with Amendment # 2025-0138h; Executive Session
  • Mar 13, 2025Floor debateHouse floorWatchnot located in the transcript — opens the full streamOught to Pass with Amendment 2025-0138h — adopted, voice vote; Amendment # 2025-0138h — adopted, voice vote; Referred to Ways and Means
  • Mar 25, 2025Public hearingHouse Ways and Means5:32–8:413m 9slocated in the stream transcriptPublic Hearing
  • Apr 1, 2025Public hearingHouse Ways and Means4:59–6:071m 8slocated in the stream transcriptMajority Committee Report: Ought to Pass — roll call; Full Committee Work Session; Executive Session
  • Apr 10, 2025Floor debateHouse floor41:50–48:537m 3slocated in the stream transcriptOught to Pass — adopted, division 192-179
  • Apr 23, 2025Public hearingSenate Ways and Means1:05:28–1:07:492m 21slocated in the stream transcriptHearing
  • May 1, 2025Floor debateSenate floor1:48:40–1:50:061m 26slocated in the stream transcriptCommittee Report: Ought to Pass; Ought to Pass — adopted, voice vote; HB 302 was Removed from the Consent Calendar

Timestamps locate where this bill is taken up in the chamber's YouTube stream.

Legislative history

  1. Jan 8, 2025HouseIntroduced 01/08/2025 and referred to Commerce and Consumer Affairs HJ 2 P. 14
  2. Jan 15, 2025HousePublic Hearing: 01/15/2025 10:30 am LOB 302-304
  3. Jan 22, 2025House==CANCELLED== Subcommittee Work Session: 01/22/2025 10:00 am LOB 302-304
  4. Jan 22, 2025HouseSubcommittee Work Session: 01/22/2025 01:15 am LOB 302-304
  5. Feb 11, 2025HouseSubcommittee Work Session: 02/11/2025 01:15 pm LOB 104
  6. Feb 18, 2025HouseSubcommittee Work Session: 02/18/2025 10:00 am LOB 104
  7. Mar 5, 2025HouseExecutive Session: 03/05/2025 10:00 am LOB 302-304
  8. Mar 5, 2025House: Ought to Pass with Amendment # 2025-0138h 03/05/2025 (Vote 16-1; CC)
  9. Mar 13, 2025HouseAmendment # 2025-0138h: AA VV 03/13/2025 HJ 8 P. 3
  10. Mar 13, 2025HouseOught to Pass with Amendment 2025-0138h: MA VV 03/13/2025 HJ 8 P. 4
  11. Mar 13, 2025HouseReferred to Ways and Means 03/13/2025 HJ 8 P. 4
  12. Mar 25, 2025HousePublic Hearing: 03/25/2025 10:00 am LOB 202-204
  13. Apr 1, 2025HouseFull Committee Work Session: 04/01/2025 10:00 am LOB 202-204
  14. Apr 1, 2025HouseExecutive Session: 04/01/2025 10:30 am LOB 202-204
  15. Apr 1, 2025HouseMajority : Ought to Pass 04/01/2025 (Vote 11-8; RC) HC 19 P. 13
  16. Apr 2, 2025HouseMinority : Inexpedient to Legislate
  17. Apr 10, 2025HouseOught to Pass: MA DV 192-179 04/10/2025 HJ 12 P. 21
  18. Mar 27, 2025SenIntroduced 03/27/2025 and Referred to Ways and Means; SJ 10
  19. Apr 23, 2025SenHearing: 04/23/2025, Room 100, SH, 10:00 am; SC 18
  20. May 1, 2025Sen: Ought to Pass, 05/01/2025; Vote 4-1; CC; SC 19
  21. May 1, 2025SenHB 302 was Removed from the Consent Calendar; 05/01/2025; SJ 11
  22. May 1, 2025SenOught to Pass: MA, VV; OT3rdg; 05/01/2025; SJ 11
  23. May 1, 2025SenEnrolled Adopted, VV, (In recess 05/01/2025); SJ 12
  24. May 1, 2025HouseEnrolled (in recess of) 05/01/2025 HJ 13 P. 31
  25. May 6, 2025HouseSigned by Governor Ayotte 05/06/2025; Chapter 4; eff. 05/07/2025

Coverage

No reporting linked yet.

Documents (PDF)

Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.