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Home»Bitcoin»New Hampshire, Florida embrace Bitcoin after Doj relaxes the crypto persecution
Bitcoin

New Hampshire, Florida embrace Bitcoin after Doj relaxes the crypto persecution

2025-04-11No Comments3 Mins Read
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  • New Hampshire and Florida formalize Bitcoin Reserve Frameworks for public funds and treasury reserves
  • Doj no more in the company of Crypto Regulation through prosecution, so that the focus is exclusively shifted to criminal abuse of digital assets

Two American states are currently making daring financial movements.

New Hampshire and Florida have advanced accounts that enable state problems to invest public resources in Bitcoin [BTC] And other digital assets with high market cap.

These decisions come days after the US Department of Justice (DOJ) has announced that the prosecution against Crypto exchanges and related services for legal infringements would stop.

Timing is no coincidence

This coordination indicates a synchronized shift between state and federal authorities to normalize digital assets in government financing.

On April 10, New Hampshire’s House of Representatives passed HB302 with a limited mood of 192–179. The bill authorize The State treasurer to allocate up to 10% of public funds to eligible digital assets, stablecoins and precious metals.

However, the condition is that assets must meet strict suitability criteria, such as a market capitalization of more than $ 500 billion on average compared to the previous year.

The legislation is required that assets must be held directly by the treasurer, taken into account by a regulated institution, or purchased through products traded with exchange.

Florida follows the suit

Meanwhile, Florida’s house insurance and banking committee unanimous Advanced his own digital reserve account. The situation formally took a step in the same direction, albeit with a daring operational turn.

The bill not only approves Bitcoin and other digital assets with a high cap for treasury investments, but it also codifies Bitcoin guardianship and loan directly into the status of the state.

See also  SEC missed a step with its crypto protection rule, US government watchdog says

States are coming in while the FBI back one step back

The synchronization of this policy between state lines suggests a broader political trend. American states want to assert digital assets and autonomy, while the federal government again calibrates its crypto enforcement priorities.

Earlier this week, deputy Attorney General Todd Blanche issued a four pages memo He confirmed that the Doj would dissolve its National Cryptocurrency Enforcement Team (NCET).

The Department will no longer focus on exchanges, mixers or portfolios for unintended legal violations.

“The Ministry of Justice is not a regulator of digital assets.”

This shift was reinforced by the removal of criminal liability linked to registration of infringements and money without a permit – a legal basis that was previously used against many platforms.

Public Prosecutors are now instructed to pursue only cases in which individuals use crypto for crimes such as terrorism, trade in drugs or financial fraud.

The step of the DOJ follows the executive order 14178 by President Trump, who explicitly rejects “regulations through prosecution” in the digital assets space.

From policy to Bitcoin -Reserv strategy

The pullback of the Doj shifts liability from platforms to individuals. The dissolution of NCET and Trump’s pardon from Bitmex -executives is illustrative of a softer federal posture.

With returned enforcement agencies, states such as Florida and New Hampshire, the moment seizes. In fact, the convergence of these legislative actions with federal de escalation is a turning point.

The line between crypto and Statecraft disappears quickly. And it is the states that lead.

Next: will $ 94,500 be the next Bitcoin price target? Most important data sets suggest …

See also  Will Bitcoin Reach $100,000 in 2024? PlanB's price forecast says...

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