New Hampshire has become the first state to allow the investment of its public funds to crypto assets with its governor signing the new law Tuesday.

The state struck a number of others to the punches this year, as what had started as an increase in the state’s legislature had run into roadblocks in recent weeks. Since the first to give his cashier permission to create such a reserve, New Hampshire could well beat the US government in forming a stock.

“New Hampshire is once again first in the nation,” New Hampshire Governor Kelly Ayotte, a Republican who is in his first year in Embed, sent on social media site X.

The New Hampshire bill allows investment of up to 5% of public funds in a digital asset that has at least $ 500 billion in market value, which currently leaves Bitcoin (BTC) as the only qualifying asset.

“We are incredibly excited about the victory that has taken place in New Hampshire,” said Dennis Porter, founder of Satoshi Action Fund, which has pushed state legislators to pursue reserves. He told Coindesk in an interview that he hopes other state will follow.

“The first is by far the hardest,” Porter said. “Having a state that has already got it done will really increase the political momentum.”

State House Republicans in New Hampshire also posted on X on Tuesday and boast that their state is “officially the first state to set the basis for a strategic Bitcoin reserve.”

“Live Free or Die State is in the process of forging the future of trade and digital assets,” they wrote.

Arizona had been the first state to receive a similar measure as its governor’s desk, but the legislation was vetoed, although other bills are still waiting for the governor’s consideration there. Florida has also withdrawn its own efforts and joined a number of other states where reserve push has fizzled. But North Carolina is still a strong competitor because its efforts are advanced by a prominent legislature.

President Donald Trump had called on his administration to set up his own Bitcoin Reserve and a separate crypto storage, although the treasury is still investigating what the federal government has on hand that can be redirected to these possible funds.

Read more: Trump’s Crypto Sherpa Bo Hines says cryptoco -making legislation on targets for quick completion

Update (6 May 2025, 17:46 UTC): Updates with comment from Dennis Porter, founder of Satoshi Action Fund.