New Hampshire Tops US Crypto-Friendly States With 71.22 Score

New Hampshire has been identified as the most crypto-friendly state in the U.S. according to a recent study. The state's favorable tax policies, particularly its zero capital gains tax, and a robust infrastructure supporting cryptocurrency have contributed to this ranking. Despite high electricity prices and minimal bitcoin mining activity, New Hampshire's lack of restrictive crypto regulations and a dense network of crypto-accepting businesses and ATMs have positioned it at the top of the list.

The study, conducted by a digital mining hardware maker, evaluated all 50 states based on seven key factors: capital gains tax, regulatory environment, crypto adoption in business, job availability, ATM density, electricity cost, and mining presence. Tax policy and business usage were given the most weight in the evaluation. New Hampshire scored the highest with 71.22 out of 100, boasting 4.4 crypto businesses and 9.3 ATMs per 100,000 people. Wyoming followed closely with a score of 61.89, driven by the highest concentration of blockchain jobs nationwide, low energy costs, and minimal regulation.

Nevada, Texas, and Alaska complete the top five states. Each of these states has unique strengths: Nevada's strong crypto-accepting business sector, Texas’s significant mining footprint, and Alaska’s robust blockchain job market. All five states benefit from a 0% capital gains tax, which is a significant draw for crypto investors and startups. The study highlights how favorable tax structures and clear regulatory frameworks can attract more infrastructure and job creation in the crypto sector, while high taxes or unclear regulations may hinder adoption.

This ranking underscores the importance of state policies in shaping the crypto landscape. States with clear regulatory paths and favorable tax codes are more likely to see increased infrastructure development and job creation in the crypto industry. Conversely, states with high taxes or ambiguous regulations may face slower adoption rates. The findings suggest that policymakers should consider these factors when developing strategies to foster growth in the crypto sector.