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New Hampshire Executive Council Rejects $100M Bitcoin Bond in 3-2 Vote

GateNews
Stocks
BTC0.90%
CLSK0.34%
According to The Block, on Wednesday (July 9), New Hampshire's Executive Council voted 3-2 to reject a $100 million bitcoin-collateralized bond proposal. The rejected proposal would have allowed the New Hampshire Business Finance Authority to issue taxable conduit revenue bonds for CleanSpark, a bitcoin mining and data center company, with approximately $160 million in bitcoin as collateral. BitGo was designated as custodian for the segregated bitcoin holdings, with automatic liquidation triggered if collateral value fell below $140 million. State Representative Keith Ammon criticized the decision as "short-sighted," saying it would reduce future revenue opportunities for the Business Finance Authority and hinder economic growth.
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In-Depth Analysis

New Hampshire Rejects Historic $100 Million Bitcoin Backed Bond Proposal

CryptoMeter io11h ago

Gate Daily (July 10): The CLARITY Act is expected to be announced as early as next week; Polymarket is seeking a U.S. margin trading license.

Market Whisper17h ago

New Hampshire rejects $100 million Bitcoin bond; House majority leader calls it "extremely shortsighted."

Market Whisper18h ago
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