This week in the United States, New Hampshire, Arizona and Oregon states crypto- Different laws on assets were adopted. The decisions taken include various regulations on issues such as investment, collateral duty and regulation of “abandoned”. Legal arrangements have different purposes for crypto currencies, but all of them are the fact that crypton is recognized by the United States. Crypto currencies are legally recognized in 3 states, and this is quite good for the reputation of the crypton.
New Hampshire Crypto Reserve
With the adoption of the HB302 law, New Hampshire took the first step towards creating crypto asset reserves. Within the scope of this law, the state treasury can now invest in crypto assets with exceeding $ 500 billion in the market value, only in today’s conditions. Bitcoin is the only crypto asset that meets this criterion right now $99,683.26 However, this may change in bull markets. Although the law does not want to establish a direct reserve, it is important in terms of providing this opportunity.
“New Hampshire is the leading state of the country’s crypto again. This law offers the opportunity to invest in crypto beings.” – Governor Kelly Ayotte
Arizona
The state governor Katie Hobbs in Arizona, Crypto assets He showed different approaches regarding the two laws. First of all, the SB1025 law came to the agenda with the veto of the regulation, which envisions the deposit of 10 percent of the state treasury and retirement system to crypto assets. The HB2749 law was then approved and it was decided to be considered abandoned crypto assets that were not traded for three years. In this way, it is envisaged to transfer assets that have not been informed for a long time to the state reserves.
“This decision may have negative consequences in the long run.” – Jameson Lopp
Jameson is right in Lopp criticism because there is no idea of transferring to the classical state as a legacy in the nature of crypto currencies. Moreover, the inactivity of these assets is supportive for the supply scarcity of crypto currencies. Today, a huge amount of BTC is still. Because the owners forgot them, he passed away. In the case of Nakamoto, billions of dollars of crypto money will probably wait in the BTC wallet forever. The transfer here will probably apply to the cases where non -heir to death and cover the citizens using central exchanges.
Oregon
With the newly adopted SB167 law in Oregon, the province’s commercial law rules have been updated to include crypto assets. The change makes it possible for crypto assets such as Bitcoin to serve as collateral in operations such as mortgage. The new arrangement also encourages crypto assets to be included in traditional financial products by creating a frame for controllable electronic records.
In parallel with the steps taken in other states in other states, these laws aim to create an infrastructure that will enable crypto beings to find a place on the legal ground. Considering that states such as Utah and Kentucky have made similar initiatives in the past, we will see that the increase in the regulations continues.
The map above Crypto reserve lawsN shows what state in which state it is in. The approval of the three states mentioned above only represents the developments in the last few days.
These legal arrangements for strengthening the integration of digital assets through the US throughout the United States provide important information for investors and market stakeholders. It gives clues about the different approaches of states, future usage areas of digital assets, and the diversification of financial products.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
