The USA took a sharp U-turn when it comes to crypto. From being a non-believer, the country made a significant jump in belief and is making active plans to implement it. In a recent incident, this drive became apparent. The Governor of New Hampshire just signed a law allowing the state of New Hampshire to invest in crypto.
As per the new mandate, New Hampshire will invest heavily in precious metals and digital assets. Sources suggest the mandate is well underway and can come into effect in 60 days. Kelly Ayote herself released the news on her social media.
The New Crypto Mandate
Ayote stated, “(New Hampshire is the) first in the nation to agree to such a law. It will enable the state treasurer to ‘invest a portion of public funds in precious metals and any digital assets with a market capitalization of over $500 billion [more than £375bn] averaged over the previous calendar year.’
This move is historic but not surprising. US financial institutions are already moving towards a deeper and more robust crypto integration in the US economic landscape. What is surprising is that New Hampshire decided to be the first in the nation to make crypto a viable means of financial investment.
According to recent sources, the state has capped the investment rate. Recent sources suggest New Hampshire has set the upper limit at 5%. In other words, only 5% of public funds can be invested in precious metals and digital assets.
Therefore, the start will be slow, but the trend can eventually pick up!
