New Hampshire becomes the first state in the United States to pass the "Strategic Bitcoin Reserve" legislation

PANews reported on May 7 that according to a statement released by Satoshi Action Fund, New Hampshire officially signed the HB 302 Act, becoming the first state in the United States to pass the "Strategic Bitcoin Reserve" (SBR). The bill authorizes state fiscal officials to purchase Bitcoin or digital assets with a market value of more than $500 billion and set a cap on holdings to 5% of the total reserve funds. Reserve assets must be custodialized through a US regulatory compliance multi-signature mechanism or exchange products to ensure transparency and security. The bill will officially come into effect 60 days later.