Denied: New Hampshire Rejects Historic $100 Million Bitcoin-Backed Bond Proposal

New Hampshire's Executive Council has narrowly voted 3-2 to reject a landmark $100 million Bitcoin-backed municipal bond proposal. This decision effectively halts a move that would have established the state as a global pioneer in integrating Bitcoin into sovereign debt structures.
While proponents insisted the issuance posed zero risk to taxpayers, the council chose to shelve the project, delaying the world's first Bitcoin-backed government bond. This rejection highlights the ongoing tension between traditional fiscal governance and the rapid emergence of Bitcoin as a legitimate institutional asset class.
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