New Hampshire’s executive council votes down a proposal to issue what would be the first Bitcoin-backed municipal bond for the state’s market. Multiple outlets report that the council rejected the measure, which would have involved $100 million in bond issuance tied to Bitcoin collateral or backing. The vote occurs after state representative Keith Ammon urges the council to reconsider, characterizing the decision as “short-sighted.” Bloomberg reports the rejection prevents the bond from proceeding to the municipal market. Seeking Alpha also describes the council’s rejection of the bitcoin-backed municipal bond without adding separate details about the council’s stated reasoning. Taken together, the coverage indicates the proposal does not receive the required sign-off from the executive council, and the project therefore does not move forward as planned.