New Hampshire Lawmakers Reach Compromise on 'Blockchain Basics' Bill

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 14 hours ago

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Legal Protection for Blockchain Rights: New Hampshire's HB639 bill explicitly protects the rights to use cryptocurrency for payments, operate blockchain nodes, and engage in cryptocurrency mining, thereby providing legal clarity for blockchain developers and miners and reducing regulatory uncertainty.
Legislative Process and Timeline: After several months of negotiations, the House and Senate reached a compromise on HB639, which is now headed to the governor for approval; if signed, New Hampshire will become one of the first states to codify blockchain rights, further advancing digital asset legislation.
Encouraging Blockchain Investment: The bill provides a legal safe harbor for blockchain infrastructure investment, encouraging more businesses to invest in blockchain technology in New Hampshire, which is expected to boost local economic development and enhance the state's competitiveness in the digital economy.
Future Legislative Space: Although HB639 does not address broader issues like decentralized finance (DeFi) and stablecoin regulation, the establishment of foundational rights creates a solid groundwork for future legislation, potentially guiding other states to follow suit.

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Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	70678.499	72484.049	74588.899	76394.449	78499.299	80304.849	82409.699
Fibonacci	72484.049	73977.822	74900.677	76394.449	77888.222	78811.077	80304.849

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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