New Hampshire has become the first U.S. state to pass a law establishing a strategic Bitcoin reserve. The state's Governor has signed HB 302 into law, which allows the state to invest in Bitcoin and other cryptocurrencies.

Under the new law, the state treasurer is authorized to allocate up to 5% of total state funds into Bitcoin or any digital asset with a market capitalization of at least $500 billion. The legislation, HB 302, will take effect in 60 days.

To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io