Key Insights:
- New Hampshire ranks as the top U.S. state for cryptocurrency, primarily due to its 0% capital gains tax and active infrastructure supporting crypto.
- Wyoming is in second place with the highest concentration of blockchain jobs and affordable electricity rates.
- All five leading states feature a 0% capital gains tax, benefiting crypto investors and businesses.
In a newly released ranking, New Hampshire has emerged as the most crypto-friendly state in the United States despite high electricity costs and minimal bitcoin mining operations. Its strong performance is attributed to the absence of a capital gains tax, a non-restrictive regulatory environment, and a considerable number of businesses and ATMs accepting cryptocurrencies.
The assessment, carried out by ASICKey, a digital mining hardware manufacturer, analyzed all 50 states based on seven critical factors: capital gains tax, regulatory framework, business adoption of crypto, job availability in the sector, ATM density, electricity expenses, and the presence of mining activities. The research placed significant emphasis on tax policy and business engagement in cryptocurrency.
New Hampshire obtained the highest score of 71.22 out of 100, with approximately 4.4 crypto businesses and 9.3 ATMs per 100,000 residents. Following closely was Wyoming, scoring 61.89, bolstered by the greatest number of blockchain jobs per capita nationwide (118.4 per 100,000), along with low energy costs and lax regulations.
The top ranking also included Nevada, Texas, and Alaska, each with unique advantages — such as Nevada’s widely accepted crypto business landscape, Texas’s robust mining presence, and Alaska’s thriving blockchain job sector — in addition to the benefit of a 0% capital gains tax.
The findings highlight the critical role that tax systems and regulatory policies play in shaping the crypto market. States offering favorable tax arrangements and clear guidelines tend to foster more infrastructure development and job creation, while those burdened by high taxes or ambiguous regulations may hinder growth.
