New Hampshire’s $100 million bitcoin bond proposal fails to pass final vote
Governor Ayotte had expressed support for the proposal, touting it as an innovative way to bring more investment opportunities to the state....
Key takeaways
- 1New Hampshire's $100 million bitcoin bond proposal failed to pass final vote despite Governor Ayotte's support.
- 2The proposal aimed to attract investment opportunities and position the state as crypto-friendly.
- 3The failure signals legislative resistance to state-level crypto asset initiatives in the U.S.
Coins in this story
Why it matters
This defeat suggests institutional adoption of crypto through government bonds faces political hurdles in developed economies, potentially affecting India's own blockchain policy discussions and how Indian states might approach crypto investments.
Related stories
Circle soars after securing U.S. trust bank approval in crypto expansion
Circle secured U.S. federal trust bank approval from the OCC, enabling it to provide digital asset custody services. Shares surged 14% pre-market. The charter positions Circle's USDC stablecoin—worth $73.2 billion—within regulated U.S. financial infrastructure. This regulatory milestone reflects crypto industry's broader shift toward federal oversight and institutional legitimacy, mirroring approvals granted to Kraken and Crypto.com.
Japan's 'invest locally' plan likely to spur demand for assets like bitcoin, gold
Your day-ahead look for July 10, 2026...
Japanese lender launches Bitcoin-backed loans of up to $6.2M
CRYL is offering Bitcoin-backed loans to individuals and businesses as Japanese firms explore broader uses for BTC in lending and credit markets....