New Mexico joins the list of U.S. states exploring Bitcoin Reserve – Details

• New Mexico is now a part of the 15 U.S. states which have submitted BTC Reserve payments. 
• Polymarket odds of a nationwide BTC Reserve have dropped beneath 50%. 

New Mexico is the newest U.S. state to hitch the Bitcoin[BTC] Reserve motion, which has picked tempo since Donald Trump gained the presidential election. 

In line with the report, the New Mexico (NM) Reserve bill would permit the state to deploy 5% of public funds to purchase BTC. 

Supply: X

New Mexico’s Senator Anthony Thornton formally introduced Senate Invoice (275) on the 4th of February. It’s pending evaluation by the Senate Taxation, Enterprise, and Transportation Committee (STBTC). 

U.S. Bitcoin Reserve race

Different states, like Wyoming, led by Senator Cynthia Lummis, have additionally made progress with BTC Reserve plans. If permitted, the state would make investments about $300M in BTC to diversify its reserve investments. 

In line with Bitcoin Legal guidelines, a tracker for BTC Reserve laws, 15 states have seen some progress in BTC Reserve payments. 

Supply: Bitcoin Legal guidelines

To this point, most payments are both at an introduction or the committee’s first studying levels. None have been enacted but.

Nevertheless, North Dakota and Wyoming payments did not proceed. Then again, Arizona maintained a lead as its invoice proceeded to the overall flooring for a vote. 

On the nationwide stage, Trump’s crypto czar David Sacks confirmed that President Trump instructed him, alongside the related working group, to ‘consider the concept of BTC Reserve.’

Whereas there’s no actual timeline for the nationwide BTC Reserve, the president instructed the working group to submit a framework inside 180 days to arrange a ‘nationwide digital stockpile.’

At press time, Polymarket odds for the nationwide BTC Reserve in 2025 had been beneath 50%, suggesting that BTC hasn’t totally priced in the opportunity of a constructive final result. 

Supply: Polymarket