BlockBeats News, May 7th, the Governor of New Hampshire signed HB 302 into law, making New Hampshire the first state in the United States to adopt a "live free or die" state currency policy framework, directly adopting the Satoshi Action Strategic Bitcoin Reserve (SBR) Model Act. The content of HB 302:
· Allows the state treasury to purchase Bitcoin and top-tier digital assets — authorizes a reserve purchase of up to $5 billion in Bitcoin (full amount stop-loss only).
· Holding limit is 5% of the state's total funds — ensuring Bitcoin supplements a broader state investment.
· Mandates U.S. regulatory custody — assets must be held in a multi-signature controlled by the state or held through U.S. exchange-traded products for maximum security and transparency.
· Takes effect 60 days after passage — providing a clear operational framework for reserves and staking.
"Satoshi Action drafted the model, New Hampshire put it into law, and now every state treasurer can follow this roadmap," said Dennis Porter, CEO and Founder of Satoshi Action. "The HB 302 Act allows them to protect the safest monetary network on Earth. New Hampshire didn't just pass a law; it sparked a movement."
Satoshi Action is a nonprofit policy organization dedicated to educating lawmakers and regulators on Bitcoin and digital asset innovation. Through the passage of six pro-Bitcoin laws, introduction of over 20 strategic Bitcoin reserve bills, generation of 220,000 voter letters, and the publication of 12 peer-reviewed academic papers, Satoshi Action is a leading voice for practical, bipartisan Bitcoin policy.
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