- New Mexico is now part of the 15 U.S. states that have submitted BTC Reserve bills.
- Polymarket odds of a national BTC Reserve have dropped below 50%.
New Mexico is the latest U.S. state to join the Bitcoin[BTC] Reserve movement, which has picked pace since Donald Trump won the presidential election.
According to the report, the New Mexico (NM) Reserve bill would allow the state to deploy 5% of public funds to buy BTC.
Source: X
New Mexico’s Senator Anthony Thornton officially introduced Senate Bill (275) on the 4th of February. It is pending review by the Senate Taxation, Business, and Transportation Committee (STBTC).
U.S. Bitcoin Reserve race
Other states, like Wyoming, led by Senator Cynthia Lummis, have also made progress with BTC Reserve plans. If approved, the state would invest about $300M in BTC to diversify its reserve investments.
According to Bitcoin Laws, a tracker for BTC Reserve legislation, 15 states have seen some progress in BTC Reserve bills.
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Author: Benjamin Njiri
