Governor of New Hampshire Signs Crypto-Friendly Bill into Law

von Eva Fox Juli 03, 2022

Governor of New Hampshire Signs Crypto-Friendly Bill into Law

New Hampshire Gov. Chris Sununu signed a bill that “exempts the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws,” as its final version states, according to Finbold. This turned the proposed bill, HB1503into a full-fledged law in the state.

Bill HB1503, sponsored by crypto enthusiast and State House Representative Keith Ammon and co-sponsored by Representative Joe Alexander, was first proposed on January 5, 2022. On March 15, the New Hampshire House of Representatives adopted it and passed it on to the state Senate, which approved the bill on April 28.

Bill HB1503 proposed “adopting the Uniform Commercial Code relative to controllable electronic records, relative to exempting the developer, seller, or facilitator of the exchange of an open blockchain token from certain securities laws.” The signing of the bill by Governor Sununu effectively turned bill HB1503 into a full-fledged law in the state.

Representative Ammon had positive comments on the development, emphasizing the fact that job postings related to blockchain and cryptocurrency technology skyrocketing.

“Our state is in a perfect position to take advantage of this booming technology sector and makes several important changes to state law. As lawmakers, we need to ensure that the government does not interfere with the rapid innovation in digital assets and cryptocurrency.”

After the House adopted the bill in March, Ammon and Majority Leader Jason Osborne released a joint statement, in which they expressed their arguments in favor of crypto and its role in positioning the state “to take the lead on this revolutionary technology,” which Ammon reiterated following the signing.

Politicians in the US are increasingly showing interest in integrating cryptocurrencies into the country's financial system. It seems that American politicians are rushing to catch up and introduce cryptocurrencies into the daily lives of citizens as soon as possible, as some countries have already done.

© 2022, Eva Fox | Tesmanian. All rights reserved.

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Article edited by @SmokeyShorts, you can follow him on Twitter








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