U.S. States Advance Bitcoin Reserves and Digital Asset Laws

New Hampshire Governor Kelly Ayotte recently signed HB 639, known as Blockchain Basic Laws, expanding legal protections for digital asset users, developers, miners, validators and businesses while protecting digital asset use and self-custody rights. According to Odaily, the law also authorizes a special docket for blockchain-related disputes. New Hampshire's 2025 law allows the state treasurer to allocate up to 5% of certain public funds to precious metals and eligible digital assets, and only bitcoin currently meets the market-cap threshold. Texas Governor Greg Abbott signed SB 21 in June 2025 to create the Texas Strategic Bitcoin Reserve, with state lawmakers appropriating $10 million and Texas later making an initial investment of about $5 million through spot bitcoin ETFs. A Wyoming proposal that would have allowed up to 3% of certain state funds to be invested in bitcoin did not pass in 2025, but the state continued work on a specialized banking framework and the Frontier Stable Token. FRNT became publicly available in January 2026 and was described as the first state-issued stable token in the United States.