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New Mexico has joined the growing list of US states exploring Bitcoin reserves, with Senator Anthony Thornton introducing Senate Bill 275 on February 4. This bill proposes allowing the state to invest up to 5% of its public funds in Bitcoin, aiming to diversify its investment portfolio and potentially hedge against inflation.
New Mexico is now among 15 US states that have submitted BTC Reserve bills, with Arizona taking the lead and North Dakota and Wyoming's bills failing to progress. Other states, like Texas, Pennsylvania, and Ohio, are also considering similar legislation, with Texas proposing a bill to establish a Bitcoin stockpile and Pennsylvania introducing a bill to allocate up to 10% of its state funds into Bitcoin.
The national landscape is also shifting, with President Trump's crypto czar, David Sacks, confirming plans to evaluate a national Bitcoin reserve. The administration is expected to submit a framework within 180 days to set up a "national digital stockpile". 12 replies
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