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New Hampshire voted against a proposed $100 million Bitcoin-backed bond offering that would have been collateralized by digital assets. the decision
Barland
… minimum reading
A historic proposal focused on Bitcoin collateral
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| Source: Xpost |
The excess collateral was designed to provide an important safety cushion for investors while reducing the risk associated with Bitcoin’s well-known price volatility.
Built-in safeguards were designed to protect investors
Taxpayers would not have been financially responsible
Governor Kelly Ayotte supported the initiative
The credit rating reflected a high risk
While speculative grade ratings do not necessarily indicate a high probability of default, they do indicate that investors face elevated risks compared to traditional investment grade municipal bonds.
Lawmakers say the debate is not over
Bitcoin continues to expand into traditional finance
A setback, not the end of Bitcoin-backed finance
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