TechFlow reported on January 13 that, according to CryptoSlate, lawmakers in North Dakota have introduced a House Concurrent Resolution (HCR) encouraging the state treasurer and the State Investment Board to include digital assets and precious metals in the state treasury's investment portfolio as a hedge against inflation. Six representatives and two senators— all Republicans — sponsored HCR3001: Representatives Nathan Toman, Matthew Heilman, Jared Hendricks, Daniel Johnston, SuAnne Olson, Todd Porter, and Senators Jeff Barta and Bob Paulsen.
Additionally, New Hampshire Representative Keith Ammon has proposed legislation to add digital assets to the state treasury. If approved, the treasury could allocate up to $360 million toward cryptocurrencies. Notably, the bill only permits investments in cryptocurrencies or stablecoins with an average market capitalization exceeding $500 billion over the past 12 months. This requirement makes Bitcoin the only eligible cryptocurrency for investment. According to Dennis Porter, CEO and co-founder of the Satoshi Action Fund, which assisted both initiatives, certain U.S. states with "technology-neutral" legislation are prohibited from specifically naming Bitcoin.
