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New Hampshire Rejects $100M Bitcoin-Backed Bond
Councilors said the plan could expose the state to too much risk, even as supporters argued the loan would cost taxpayers nothing.
- On Wednesday, The New Hampshire Executive Council rejected a $100 million bond proposal backed by Bitcoin, ending a bid to attract digital finance innovators to the Granite State.
- Governor Kelly Ayotte and The New Hampshire Business Finance Authority touted the proposal as a "groundbreaking" and "historic" move intended to give the state an edge in the digital asset economy.
- Key-Wallace argued the plan carried zero risk for taxpayers, though Democrat Karen Liot Hill expressed concern about lending state legitimacy to a "very volatile" asset class.
- Following a failed motion by Liot Hill to table the proposal, Janet Stevens and David Wheeler joined her in opposition, while Joseph Kenney and John Stephen voted in favor.
- Key-Wallace stated Thursday that his team remains excited about the state's role in the digital asset economy, adding he would present the idea to the council again in the future.
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New Hampshire Council Votes Down First-in-Nation $100 Million Bitcoin Bond
New Hampshire’s Executive Council voted down a proposed $100 million municipal bond backed by Bitcoin on Wednesday, killing what state officials had promoted as a first-in-the-nation venture in public bitcoin finance, according to local news outlet New Hampshire Union Leader. The five-member council rejected the plan 3-2, New Hampshire Union Leader reported Wednesday. Councilors David Wheeler, Karen Liot Hill and Janet Stevens voted against it, …
Zero Hedge+2 Reposted by 2 other sources
New Hampshire Kills Historic $100M Bitcoin Bond Proposal
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
·Sofia, Bulgaria
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New Hampshire council rejects ‘groundbreaking’ plan for $100 million bond backed by Bitcoin - The Boston Globe
The New Hampshire Executive Council rejected a novel plan on Wednesday that would have authorized the state to establish a $100 million bond backed by Bitcoin.
·Boston, United States
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Coverage Details
Total News Sources21
Leaning Left2Leaning Right2Center3Last UpdatedBias Distribution43% Center
Bias Distribution
- 43% of the sources are Center
43% Center
L 29%
C 43%
R 28%
Factuality
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