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New HampshireHB3022025-2026 Regular SessionHouseWALLET

HB302

Sponsored By: Keith Michael Ammon (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 1 benefits, 0 costs, 2 mixed.

Safeguards for state crypto and gold

Digital assets bought under this law must be held in one of three ways. The treasurer can hold them directly using a secure custody solution. A qualified custodian can hold them, or they can be held as an exchange‑traded product from a registered investment company. Precious metals must be held as an exchange‑traded product, by a qualified custodian in physical form, or directly by the state (alone or with another state) under a treasurer rule.

State can invest in crypto and gold

The state treasurer can now invest some public funds in precious metals, stablecoins, and very large digital assets. A digital asset must have averaged over $500 billion in market value during the prior calendar year. No more than 10% of total public funds can go into any one of these asset types. Money can come from the general fund, the revenue stabilization fund, and other funds the legislature allows. The law takes effect 60 days after passage.

Treasurer can lend or stake crypto

The treasurer may lend or stake qualifying digital assets to earn income. The state must keep legal ownership of the assets. Any lending or staking must use a third‑party service.

Sponsors & Cosponsors

Sponsor

  • Keith Michael Ammon

    Republican • House

Cosponsors

  • Calvin Beaulier

    Republican • House

  • Daryl Abbas

    Republican • Senate

  • Jason M. Osborne

    Republican • House

  • Joe H. Alexander

    Republican • House

  • Joe Sweeney

    Republican • House

  • Keith R. Murphy

    Republican • Senate

  • Kevin A. Avard

    Republican • Senate

  • Mark Warden

    Affiliation unavailable

Roll Call Votes

No roll call votes available for this bill.

Actions Timeline

  1. Signed by Governor Ayotte 05/06/2025; Chapter 4; eff. 05/07/2025

    5/7/2025House

  2. Enrolled Adopted, VV, (In recess 05/01/2025); SJ 12

    5/6/2025Senate

  3. Enrolled (in recess of) 05/01/2025 HJ 13 P. 31

    5/6/2025House

  4. Ought to Pass: MA, VV; OT3rdg; 05/01/2025; SJ 11

    5/1/2025Senate

  5. HB 302 was Removed from the Consent Calendar; 05/01/2025; SJ 11

    5/1/2025Senate

  6. Committee Report: Ought to Pass, 05/01/2025; Vote 4-1; CC; SC 19

    4/23/2025Senate

  7. Hearing: 04/23/2025, Room 100, SH, 10:00 am; SC 18

    4/15/2025Senate

  8. Introduced 03/27/2025 and Referred to Ways and Means; SJ 10

    4/11/2025Senate

  9. Ought to Pass: MA DV 192-179 04/10/2025 HJ 12 P. 21

    4/10/2025House

  10. Minority Committee Report: Inexpedient to Legislate

    4/2/2025House

  11. Majority Committee Report: Ought to Pass 04/01/2025 (Vote 11-8; RC) HC 19 P. 13

    4/2/2025House

  12. Full Committee Work Session: 04/01/2025 10:00 am LOB 202-204

    3/26/2025House

  13. Executive Session: 04/01/2025 10:30 am LOB 202-204

    3/26/2025House

  14. Public Hearing: 03/25/2025 10:00 am LOB 202-204

    3/19/2025House

  15. Referred to Ways and Means 03/13/2025 HJ 8 P. 4

    3/13/2025House

  16. Ought to Pass with Amendment 2025-0138h: MA VV 03/13/2025 HJ 8 P. 4

    3/13/2025House

  17. Amendment # 2025-0138h: AA VV 03/13/2025 HJ 8 P. 3

    3/13/2025House

  18. Committee Report: Ought to Pass with Amendment # 2025-0138h 03/05/2025 (Vote 16-1; CC)

    3/5/2025House

  19. Subcommittee Work Session: 02/18/2025 10:00 am LOB 104

    2/13/2025House

  20. Executive Session: 03/05/2025 10:00 am LOB 302-304

    2/13/2025House

  21. Subcommittee Work Session: 02/11/2025 01:15 pm LOB 104

    2/7/2025House

  22. Subcommittee Work Session: 01/22/2025 01:15 am LOB 302-304

    1/15/2025House

  23. ==CANCELLED== Subcommittee Work Session: 01/22/2025 10:00 am LOB 302-304

    1/15/2025House

  24. Public Hearing: 01/15/2025 10:30 am LOB 302-304

    1/9/2025House

  25. Introduced 01/08/2025 and referred to Commerce and Consumer Affairs HJ 2 P. 14

    1/7/2025House

Bill Text

  • Enrolled

    5/6/2025

    HTML

  • Introduced

    1/7/2025

    PDF

  • CHAPTERED FINAL VERSION

    PDF

  • Version adopted by both bodies

    PDF

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