Crypto
Home›Crypto›Regulation›New Hampshire panel rejects $100M Bitcoin-backed bond…
New Hampshire panel rejects $100M Bitcoin-backed bond plan
The five-member executive council voted 3-2 against a New Hampshire Business Finance Authority proposal to issue $100 million in bonds backed by Bitcoin, citing risk concerns raised by some experts.
New Hampshire’s executive council voted down a proposal that would have allowed the state to issue $100 million in Bitcoin-backed bonds, according to Cointelegraph.
At a Wednesday hearing, the five-member panel voted 3-2 against the New Hampshire Business Finance Authority’s plan, which the authority approved in November 2025 and which had support from Governor Kelly Ayotte. State representative Keith Ammon criticized the decision as short-sighted and urged the council to revisit it.
The Bitcoin bond investment vehicles were tied to the BFA and CleanSpark, which would have posted BTC as collateral. The proposal also followed New Hampshire’s May 2025 crypto reserve law, which is intended to support state digital asset policies.
Cointelegraph reports that some experts warned the plan carried “substantial risk” for residents, and that Moody’s assigned the Bitcoin bond a provisional Ba2 rating in March. The article also notes speculation that New Hampshire could join legal challenges involving the CFTC’s authority, given related lawsuits elsewhere over prediction market platforms.
Latest closeBitcoin $63,831.02 ▲1.0%