New Hampshire (NH) Governor Chris Sanono’s “Commission on Cryptocurrencies and Digital Assets” has returned findings that recommend the NH Department of Energy conduct a public review of how the state’s Bitcoin mining operations are regulated. How can it be integrated into a comprehensive energy plan?
gave Commission It cites “positive impacts on the power system, including more stable power grids, more sustainable generation projects, and generally lower costs for consumers” as justification for this recommendation.
Governor Sununo created the commission through an executive order in February 2022, which read in part that “the State of New Hampshire must remain an active supporter of financial services innovation and attract the highest quality banking and finance businesses.” should remain an excellent jurisdiction to do.and the well-paying jobs they offered to our citizens.
The report’s findings come months after the release of one. Reports Title “Texas Workgroup on Blockchain Matters.” Directed to members of the Texas legislature, it recommended making bitcoin an authorized investment for the state, giving tax incentives to local BTC miners. Both reports conclude that more research into bitcoin is necessary, and suggest that US states are increasingly considering the benefits of adopting bitcoin.
The New Hampshire report also indicated that regulation is needed to protect consumers. Appendix B, written by New Hampshire’s Bureau of Securities Regulation, reads, “A well-regulated cryptocurrency market provides consumer protection, and confidence in the market for investors, the general public, and businesses alike.” But it’s an honor.” “What has become increasingly clear over the past several years is the role that cryptocurrencies have in securities regulation.”
States like New Hampshire and Texas could be the next to adopt Bitcoin in the US if they decide to follow such recommendations. It’s important for Bitcoiners who belong to state legislatures or are in the Bitcoin ecosystem to advocate for continued inquiry into how states can integrate the technology, as states are often more involved than the federal government. They are very agile in their ability to adapt to new technologies. .
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