New Hampshire Registers HB639, Targeting Blockchain Courts and Crypto Domicile Competition
New Hampshire completed registration of HB639 on July 1, adding another major piece to its digital-asset policy strategy. Beyond barring local governments from restricting digital-asset payments or imposing extra taxes on their use, the bill says individuals running nodes, mining, or staking do not need money transmitter licenses and such activities should not be treated as securities issuance. The most consequential provision, however, authorizes the state Supreme Court to establish a dedicated blockchain disputes court for related civil cases. According to the article, that provision is the real strategic play: New Hampshire is not only loosening rules for crypto activity, but also trying to build legal infrastructure that could attract digital-asset businesses and registrations. The move is framed as an attempt to replicate, in the on-chain arena, the model that helped Delaware dominate corporate registrations through judicial certainty. The article also compares New Hampshire’s approach with Wyoming’s long-running crypto legislative push and Kraken’s eventual headquarters move to Cheyenne, arguing that legal infrastructure tends to influence capital migration over years rather than immediately.


