The race to establish Bitcoin (BTC) reservations in the US maintains that impulse with two legislative projects that have advanced in each state legislative assembly in the past few hours. Nuevo Hampshire and Florida have integrated the interests of these states in adopting policies that favor digital currency with Bills HB 302 and HB 487, focusing on creating BTC bookings, and took important steps towards the possibility of approval.
On April 10, the Hampshire House of Representatives approved bill HB 302, which attempts to establish the state’s Bitcoin Reserve. Voting reflects the 192 votes in favor and 179 votes adjusted, We demonstrate the arguments created by this initiative.
Now, the project is again handed over to the Senate, where it faces discussions in the committee before reaching the whole. According to the Bitcoinlaws Portal, prospects are optimistic for their Senate approval, consisting of 16 Republicans and eight Democrats. Projects promoted by Republican lawmakers; You can benefit from this political structure.
In the words of Rep. Jordan Urely, advocate for the initiative, “Council of Representatives Bill 302 is acceptable. Therefore, although an increase in revenue will not affect taxpayers, the state will earn a large amount of money on these investments.
At the same time, in Florida, Bill HB 487 has made a strong progress. If unanimously approved by the House Insurance and Banking Committee. The project, which proposes a Bitcoin Reserve, also needs to overcome three additional committees of government business, media, arbitration and trade.
If you can overcome these instances, It will be discussed throughout the House before moving to the state senator. “Please have the faith we are today, and I encourage you to vote in favor of this project,” said the president of Webster Barnaby, one of the project’s promoters.
Hampshire and Florida advance again Bitcoin State Reserve Carriers are made up of a bit In the US. For approval in the House, HB 302 again Hampshire is in direct competition with projects in Arizona, Oklahoma and Texas.
As seen in the Bitcoinlaws follow-up, Arizona is still leading, with several projects, SB 1373 and SB 1025, Just waiting for his final discussion in the state Senatebefore being sent to Governor Hobbs’ office.
Arizona is followed by Nuevo Hampshire, Oklahoma and Texas, and the bill is already in the second stage of the legislative process, clearly indicating the possibility of approval.
Other Bitcoin projects have also made progress
Beyond Bitcoin reserves, they have also acquired other projects related to the world’s most important digital currency. In Nuevo Hampshire, House Bitcoin Rights Act has been approvedHB 639, self-occustody, digital mining operations, and Bitcoin node operations.
The Act exempts these activities from regulations applicable to money transfers. Promote development in the state. Like HB 302, the project is currently addressed to the Senate and must overcome discussions and overall votes in the committee before it is published as law. The approval of this initiative in the House shows growing interest in integrating legal frameworks that promote the adoption of Bitcoin without undue limitations.
In Arizona, bill HB 2342 focused on protecting the right to undermine Bitcoin, marked a milestone if approved by 17 votes in the state Senate and 12 votes against 12 votes. This project is trying to bypass local restrictions on mining and node operations. Now, hoping that Governor Katie Hobbs’ signature will become law.
As Cryptootics reports, Hobbs has previously shown a cautious attitude towards cryptocurrency laws, creating uncertainty about the final decision. Governor in 2023 He rejected a project that restricts Bitcoin mining taxclaiming concerns about its financial impact. However, the approval of HB 2342 in both legislative rooms reflects important support for rights related to Bitcoin.
Bitcoin rights, such as those protected by HB 2342 and HB 639, are Free to execute transactions, manipulate nodes, mine and maintain There is no excessive conditional intervention. These principles are recently engraved in Kentucky Law 701, and have established precedents by legally recognizing these activities as fundamental rights.
Kentucky law prohibits discriminatory regulations on mining and guarantees citizens You can use Bitcoin without any restrictionsIt appears that models like Arizona and Nuevo Hampshire continue.
Attract innovation and capital
Advances in legislative projects related to Bitcoin reflect broader trends in the United States; If a nation is competing to attract capital and innovation related to cryptocurrency.
New Hampshire is seeking to strengthen its position through the creation of Bitcoin Reserve and the protection of related activities, with a history of policies favoring economic freedom.
Meanwhile, Florida is committed to leading financial technology, and HB 487 is a step towards that goal. Meanwhile, Arizona wins between states that want to protect the rights of miners and Bitcoin users. Hobbs’ final decision is important though.
As these projects progress, discussions on the economic and social impact of cryptocurrencies continue. Advocates argue that Bitcoin reserves its reserves and rights laws Strengthen economic sovereignty It creates economic opportunities. However, critics warn of the volatility and energy consumption risks associated with mining.
These developments have emerging the US as a mosaic of friendly policies in the Bitcoin ecosystem, with states taking a variety of approaches to regulating and promoting digital assets. The next week is important to determine whether New Hampshire, Florida, Texas, Arizona They can integrate these proposals into lawmarks the precedents of other states in the competition to adopt Bitcoin.
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