• New Hampshire Commission on Cryptocurrencies and Digital Assets: Governor Chris Sununu created the commission to explore how Bitcoin mining operations could be integrated into a statewide energy plan. The report suggests that this would have positive impacts such as contributing to a more stable grid, more sustainable generation projects, and lower costs for consumers.
• Texas Work Group On Blockchain Matters: Members of the Texas legislature were recommended to make bitcoin an authorized investment for the state, while giving tax incentives to local BTC miners.
• „Well Regulated Cryptocurrency Market“: Both reports indicate that further research into Bitcoin is necessary, and they suggest regulation to protect consumers.

New Hampshire Commission on Cryptocurrencies and Digital Assets

Governor Chris Sununu created the New Hampshire Commission on Cryptocurrencies and Digital Assets in February 2022 via executive order. The commission was tasked with exploring how Bitcoin mining operations could be integrated into a statewide energy plan. Results from the commission suggest that this would have positive impacts such as contributing to a more stable grid, more sustainable generation projects, and lower costs for consumers.

Texas Work Group On Blockchain Matters

A separate report titled „Texas Work Group On Blockchain Matters“ was released by members of the Texas legislature. The report recommends making bitcoin an authorized investment for the state, while providing tax incentives to local BTC miners. This indicates that states are beginning to consider the benefits of embracing bitcoin technology.

„Well Regulated Cryptocurrency Market“

Both reports indicate that further research into Bitcoin is necessary, and they suggest regulation to protect consumers. Appendix B written by New Hampshire’s Bureau of Securities Regulation notes that „a well regulated cryptocurrency market provides consumer protection, and trust in the market which is a boon to investors, the general public, and businesses alike“.

„State Of Financial Services Innovation“

Governor Sununu’s executive order calls for New Hampshire „to remain an excellent jurisdiction to attract the highest quality banking and financial businesses“. This indicates an intention of continued inquiry into how states can integrate cryptocurrency technologies such as Bitcoin in order to become leaders in financial services innovation within the United States.

„Advocacy For Continued Inquiry“

It is important for those who are involved in or associated with state legislatures or who are part of Bitcoin ecosystem communities advocate for continued inquiry into how states can integrate these new technologies responsibly. Without proper inquiry it will be difficult for states like New Hampshire or Texas lead other American governments towards widespread adoption of cryptocurrencies such as Bitcoin.