{"id":49432,"date":"2026-07-09T15:28:30","date_gmt":"2026-07-09T15:28:30","guid":{"rendered":"https:\/\/cryptd.in\/new-hampshire-council-rejects-100-million-bitcoin-backed-bond\/"},"modified":"2026-07-09T15:28:30","modified_gmt":"2026-07-09T15:28:30","slug":"new-hampshire-council-rejects-100-million-bitcoin-backed-bond","status":"publish","type":"post","link":"https:\/\/cryptd.in\/en\/new-hampshire-council-rejects-100-million-bitcoin-backed-bond\/","title":{"rendered":"New Hampshire Council Rejects $100 Million Bitcoin-Backed Bond"},"content":{"rendered":"

Bitcoin Magazine<\/a>
\n
\nNew Hampshire Council Rejects $100 Million Bitcoin-Backed Bond<\/a><\/p>\n

<\/div>\n

The New Hampshire Executive Council rejected a plan on Wednesday to authorize a $100 million bond backed by Bitcoin, killing a proposal that state officials had cast as a first-in-the-nation bid to draw digital finance to the Granite State.<\/p>\n

The New Hampshire councilors voted 3-2 against it, according to reporting<\/a> from The Boston Globe<\/em>.<\/p>\n

The New Hampshire Business Finance Authority and Governor Kelly Ayotte had promoted the bond as \u201cgroundbreaking\u201d and \u201chistoric.\u201d The deal would have stood<\/a> as the world\u2019s first Bitcoin-backed municipal bond. The plan had cleared Moody\u2019s ratings<\/a> and reached the Executive Council for its final vote<\/a> before issuance.<\/p>\n

The council did not share that enthusiasm. Karen Liot Hill, the lone Democrat, framed her opposition as caution rather than hostility.\u00a0<\/p>\n

\u201cI\u2019m not opposed to Bitcoin or cryptocurrency in general,\u201d she told The Boston Globe<\/em>. \u201cBut I do think that we are being asked as a state to lend a kind of legitimacy to a financial transaction, which is from \u2026 an emerging asset class that has been shown to be very volatile.\u201d<\/p>\n

Bitcoin is \u2018emerged\u2019<\/h2>\n

James Key-Wallace, executive director of the Business Finance Authority, disputed the framing. \u201cThe only quibble I would have is \u2026 I wouldn\u2019t call them \u2019emerging,’\u201d he said. \u201cThey\u2019ve \u2019emerged.\u2019 They\u2019re here.\u201d<\/p>\n

Key-Wallace stressed that the bond carried zero risk for New Hampshire taxpayers. The loan agreement would create a conduit between private investors and a private borrower, with cryptocurrency as collateral.\u00a0<\/p>\n

The state would owe nothing, even in a Bitcoin crash. Should Bitcoin climb across the three-year term, the authority could collect millions in fees for small business, child care, housing, and economic development programs. He said the deal could lead to \u201cseveral more.\u201d<\/p>\n

Ayotte, who last year signed a law giving the state treasurer discretion to invest in Bitcoin and made New Hampshire the first state to pass a strategic Bitcoin reserve into law<\/a>, defended the value of moving first.\u00a0<\/p>\n

\u201cI think it\u2019s something that we really need to think about,\u201d she said, \u201cbecause our state continues to thrive when we are continuing to be innovative \u2014 and especially if we can do so in a way that protects the taxpayers.\u201d<\/p>\n

Liot Hill moved to table the proposal, but no colleague seconded the motion, a silence that sent the plan to its final vote. Janet Stevens and David Wheeler joined her in opposition. Joseph Kenney and John Stephen voted in favor.<\/p>\n

Key-Wallace said his team remains excited about the state\u2019s role in the digital asset economy, and he offered to present the idea to the council in the future.<\/p>\n

This post New Hampshire Council Rejects $100 Million Bitcoin-Backed Bond<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Micah Zimmerman<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine New Hampshire Council Rejects $100 Million Bitcoin-Backed Bond The New Hampshire Executive Council rejected a plan on Wednesday to authorize a $100 million bond backed by Bitcoin, killing a proposal that state officials had cast as a first-in-the-nation bid to draw digital finance to the Granite State. The New Hampshire councilors voted 3-2 […]<\/p>\n","protected":false},"author":1,"featured_media":49434,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-49432","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"\nNew Hampshire Council Rejects $100 Million Bitcoin-Backed Bond - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/en\/new-hampshire-council-rejects-100-million-bitcoin-backed-bond\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Hampshire Council Rejects $100 Million Bitcoin-Backed Bond - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin Magazine New Hampshire Council Rejects $100 Million Bitcoin-Backed Bond The New Hampshire Executive Council rejected a plan on Wednesday to authorize a $100 million bond backed by Bitcoin, killing a proposal that state officials had cast as a first-in-the-nation bid to draw digital finance to the Granite State. 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