New Hampshire Signs Blockchain Basic Laws (HB 639): A Major Win for Crypto Innovation and Self-Custody

New Hampshire Governor Kelly Ayotte has signed HB 639 into law, known as the Blockchain Basic Laws. This legislation provides strong protections for individuals and businesses working with digital assets. It explicitly safeguards the right to self-custody cryptocurrencies in personal wallets without interference and clarifies rules around blockchain technology use.

The bill exempts node operators, miners, validators, and stakers from money transmitter licensing requirements. It also prevents state and local governments from restricting the use of digital assets as a method of payment or imposing special taxes or charges based solely on their use. A dedicated blockchain dispute docket will help resolve related legal matters more efficiently.

This development marks a significant step forward for crypto innovation in the state. By reducing regulatory uncertainty and promoting self-custody and onchain activity, New Hampshire positions itself as a forward-thinking hub for blockchain growth. Supporters see it as a model for other states looking to balance consumer protections with technological advancement. The law takes effect about 60 days after signing.