Episode Details

New Hampshire’s executive council just rejected a $100 million Bitcoin-backed bond proposal in a 3-2 vote, stalling the state’s crypto-friendly momentum despite earlier support from Governor Kelly Ayotte. The move contradicts recent digital asset progress, including a crypto reserve law passed in May 2025. Backed by CleanSpark and approved by the Business Finance Authority in November 2025, the bonds drew criticism over risks, including a Moody’s provisional Ba2 rating. Councilors Karen Liot Hill, Dave Wheeler, and Janet Stevens opposed it, while Rep. Keith Ammon called it “short-sighted,” urging more research before finalizing such a bold financial step. The debate underscores the tension between innovation and caution in digital asset adoption.

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