New Hampshire & Florida Advance Bills to Invest State Funds in Bitcoin

New Habbashire passed HB302, allowing up to 10 % of the money that is allocated to Bitcoin and precious metals. HB487 in Florida is also offered through a major committee. Arizona is still the candidate for the race for official bitcoin reserves. In other news, the Bitcoin Life Insurance Company raised $ 40 million to expand services in the economies that struck inflation. However, the New York Prosecutor Littia James issued a flagrant warning to Congress, urged strict federal regulations to encrypt and oppose their inclusion in pension funds.

Bitcoin’s adoption expands at the state level

New Hampshire and Florida have taken great steps towards adoption Bitcoin As part of the financial strategies at the state level. On April 10, New Hamebeshere’s House HB302 passed With a narrow vote 192-179. This made the fourth country in the United States to pass a bitcoin reserve bill through one room of the legislative body.

The draft law is now transferred to the Senate for the state for consideration. If it is finally signed to a law by the ruler Kelly Ayot, the HB302 will enable the state treasurer to allocate up to 10 % of the General Fund in New Hampshire and other funds allocated in Bitcoin and Precious metals. The legislation limits the qualified digital assets for those who suffer from a Market value More than $ 500 billion, which only meets Bitcoin.

However, the bill also caused some discussion among legislators. Democratic actor, Terry Sport, argued that the legislation is unnecessary, due to the current treasury secretary to conduct such investments, and warned of the dangers of imprisoning the state in rigid security protocols. On the other hand, Republican representative Jordan Olery supported this procedure, which is enthusiastic about the possible financial gains of the state through digital asset investments.

New Hampshire also leads HB310 focus on stablecoins and asset symbol in the real world, while HB639 aims to create clearer regulations and disputes solution mechanisms Blockchain -based techniques.

On the same day, the Florida Insurance and Banking Committee Pass Its Bitcoin reserve bill, HB487. The bill must pass through two other committees before going to the floor of the house. If approved, the financial manager in Florida and the state’s board of directors will be allowed to invest up to 10 % of the state’s funds in Bitcoin.

The bill allows direct investments or those made via products traded on the stock exchange and include detailed requirements for safe custody of assets. The Republican actor urged Bill and Wester Barnabi to support the legislation because he believes it is an opportunity to place Florida at the forefront of the growing financial limits.

State Reserve Race (Source: Bitcoin laws))

Arizona is still progressing National race To establish an official Bitcoin Reserve. Two bills, SB1373 and SB1025, recently submitted the House of Representatives Bases Committee and are waiting for full voting. If they succeed, they will then need the approval of the governor of Arizona Democratic State, Katie Hobbes, to become a law.

Meanwhile, bitcoin taps for the invention of life insurance

Meanwhile, the start of life insurance has raised by Bitcoin 40 million dollars in A. Fund from the series A To expand its offers in Economies exposed to inflation. He led the tour by Framework Ventures and Fulgu Ventures, with the participation of the founder of Xapo WENTS Casares. This last financing round follows this one previous one of $ 20.5 million supported by Openai CEO Sam Taman And other investors.

The company is organized by the Bermuda Monetary Authority, and provides full -life insurance policies in Bitcoin. These policies allow holders of BTC monthly installments, and beneficiaries receive batches in Bitcoin upon the death of the policy. Meanwhile, customers enable the value of their policy at any time through tax -exempt loans and withdrawal from taxes.

Co -founder Zac Townsand explained The product targets people in high inflation or unstable currencies, and providing bitcoin as an alternative to FIAT insurance policies. This reflects the increasing trend between consumers in both developing economies and energy to seek financial protection against currency work.

However, the role of bitcoin k Inflation The subject of the discussion remains. Although it was widely considered a defense against high prices due to the fixed supply, a 2025 studies In the Journal of Economics and Business, the properties of the transformation of inflation found weakened after the adoption of the broader institutions. The report indicated a 60 % decrease from Bitcoin in 2022 when American inflation It rose to four decades above 9 %.

Study results (Source: Economy and Business Magazine))

However, some investors, including Anthony BoxHe argues that increasing the early biology of Bitcoin stems from inflation expectations resulting from huge government stimulation. Despite the debate, Bitcoin has historically outperformed inflation trends since its inception, making it an attractive advantage to maintain value in the long term.

Letitia James opposes encryption in pension funds

While some American states and companies adopt encryption, the New York Prosecutor Littia James urged the leaders of the US Congress to implement stronger federal regulations for the encrypted currency industry. She specifically warned of serious risks to investors, national security and financial stability if the sector remains largely unorganized. in 14 page message He was shared on April 10, James explained that “logical” encryption laws were needed and the Congress called for immediate legislative measures to curb the distance of digital assets.

The first page of James’s message

James explained Six main risks associated with unorganized encryption markets, including the threat The dominance of the US dollarIncrease criminal activity, destabilize the financial markets. She said that the lack of oversight allows fraud on a large scale, trading practices of manipulation, and the extraction of value from the American economy. She said that investors are subjected to forged and widespread markets Price treatmentWhich leads to significant financial losses.

Among her political recommendations, James called for legislation to impose Stablecoin Exporters to be their headquarters in the United States and are subject to regulatory control. It also wants these digital currencies fully backed by US dollar or securities of the Treasury. In addition, Congress urged to claim encryption platforms to interact only with the entities compatible with money laundering, create registration requirements for exporters and brokers, enforce the protection of conflict of interests, and enhance transparency mechanisms and prevent fraud.

James also expressed a strong opposition to the inclusion of cryptocurrencies in pension boxes, and warned that her extreme fluctuations make them not suitable for retirement savings. She claimed that digital assets lack the fundamental value and are not subject to real prices. Her fears extended to encryption Funds circulating for exchangeWhich she said was much more dangerous than traditional traditional investment funds or bonds due to the possibility of losing or stealing basic encryption assets.

Its message was sent at the time of the increasing scrutiny of the cryptocurrency industry, and it coincided with the recent transfer of the US Department of Justice to dismantling Fraud enforcement division. James concluded her message to search Congress to act decisively, and stated that the risks not only involve financial integrity, but also national security and the welfare of American citizens.