New Hampshire is the first state to approve purchases of digital assets by its state treasurer. Bills have surfaced in other states but have lost steam.

Governor Kelly Ayotte signed a bill into law that allows the investment of a portion of the state's public funds in precious metals and crypto assets.

Arizona followed New Hampshire’s steps to become the second U.S. state to sign a strategic Bitcoin [BTC] reserve into law. This marked a U-turn after a recent rejection of a related bill. Notably, Arizona introduced four BTC reserve bills, according to data aggregator Bitcoin Laws.