Missed Opportunity? New Hampshire Council Rejects $100M Bitcoin-Backed Bond Proposal
In a narrow 3-2 vote, the New Hampshire Executive Council has blocked a landmark proposal to issue $100 million in Bitcoin-backed bonds. This decision halts a strategic initiative by the New Hampshire Business Finance Authority (BFA) to integrate BTC into the state's financial framework, despite receiving significant backing from Governor Kelly Ayotte.
Critics, including state representative Keith Ammon, have slammed the vote as 'short-sighted,' arguing that the council failed to grasp the long-term potential of Bitcoin-backed assets. The rejection marks a significant setback for proponents of state-level crypto adoption and raises questions about New Hampshire's future role in the evolving digital asset landscape.
Policymakers in New Hampshire’s executive council have voted against a proposal that would have allowed the state to issue $100 million in bonds backed by Bitcoin (BTC). At a Wednesday hearing, the five-member panel voted 3-2 against the New Hampshire Business Finance Authority’s (BFA) proposed issuance.
Although the authority had approved the investments in November 2025 and enjoyed support from Governor Kelly Ayotte, the council's decision halted the momentum. State representative Keith Ammon expressed his frustration on X, calling the decision 'extremely short-sighted' and urging the body to gather all relevant facts and reconsider the measure at a future meeting.
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