- 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 most recent U.S. state to affix 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 invoice would enable the state to deploy 5% of public funds to purchase BTC.
New Mexico’s Senator Anthony Thornton formally launched 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 authorised, 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 phases. None have been enacted but.
Nonetheless, North Dakota and Wyoming payments did not proceed. Alternatively, Arizona maintained a lead as its invoice proceeded to the overall ground 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 ‘evaluate the idea of BTC Reserve.’
Whereas there’s no precise timeline for the nationwide BTC Reserve, the president informed the working group to submit a framework inside 180 days to arrange a ‘national digital stockpile.’
At press time, Polymarket odds for the nationwide BTC Reserve in 2025 had been beneath 50%, suggesting that BTC hasn’t absolutely priced in the opportunity of a optimistic consequence.
Supply: Polymarket
