relative to enabling the state treasury to invest in precious metals and digital assets.
Maddy summaryHB 302 allows New Hampshire's state treasurer to invest up to 5% of public funds (including general and revenue stabilization funds) in gold, silver, or platinum bullion, coins, or digital assets with over $500 billion in average market capitalization. It requires all digital assets to be held through secure custody solutions meeting strict security standards (like private key control by the government and multi-party transaction approval) or via qualified custodians. Precious metals must be held either as exchange-traded products, in physical form with qualified custodians, or directly by the state. The bill explicitly prohibits investments exceeding the 5% cap and mandates specific custody safeguards for all assets.
Signed into law May 7, 2025
1 co-sponsor