New Hampshire Tops List of Most Crypto-Friendly U.S. States

New Hampshire has been ranked the most crypto-friendly state in the U.S., according to a recent study by mining hardware company ASICKey. The state scored 71.22 out of 100, leading all 50 states despite having high electricity costs and limited bitcoin mining activity. Its top ranking is largely attributed to a 0% capital gains tax, minimal crypto regulation, and high crypto business and ATM density, with 4.4 crypto-accepting businesses and 9.3 ATMs per 100,000 residents.

The study evaluated states based on seven weighted factors: capital gains tax, regulatory environment, crypto business adoption, job opportunities, ATM availability, electricity cost, and mining presence. Tax policy and business usage carried the highest weight, emphasizing how economic and legal frameworks influence crypto activity.

Wyoming placed second with a score of 61.89, thanks to the nation’s highest blockchain job concentration (118.4 per 100,000 people), low energy costs, and supportive regulatory policies. Nevada, Texas, and Alaska completed the top five, each offering unique advantages. Nevada benefits from a robust crypto business ecosystem, Texas boasts a large mining footprint, and Alaska stands out for its growing blockchain employment and zero capital gains tax.

The report highlights how pro-crypto tax laws and regulatory clarity can accelerate adoption, attract infrastructure investment, and drive job growth. In contrast, high taxes and uncertain legal environments can hinder state-level progress in the digital asset economy. The findings suggest that states taking a proactive approach to crypto policy may be better positioned to become future blockchain hubs as adoption continues to rise nationwide.