New Hampshire has voted against a proposed $100 million Bitcoin-backed bond offering that would have been collateralized by digital assets. The decisi
- New Hampshire's Executive Council rejected a $100 million Bitcoin-backed bond proposal by a 3-2 vote, despite support from Governor Kelly Ayotte.
- The proposal aimed to use Bitcoin as collateral for revenue bonds, with safeguards like automatic liquidation and institutional custody, but was rated Ba2 (speculative-grade) by Moody's.
- The rejection highlights ongoing debates about cryptocurrency volatility and regulatory uncertainty in traditional finance, though supporters believe similar proposals will emerge.
Topics: Jurisdictions, Legal regulatory, Public debt, Established hubs, Regulatory sandboxes pilots, Tokenized us treasuries, Global sovereign bond tokenization
Tags: #newhampshire #bitcoinbond #executivecouncil #revenuebonds #bitcoincollateral #cleanspark #digitalassets #governorkellyayotte #moodys #ba2rating
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