New Mexico Senator Anthony Thornton has introduced Senate Bill 275, also known as the Strategic Bitcoin Reserve Act, proposing a 5% allocation of the state's public funds into Bitcoin. New Mexico joins several other U.S. states, including Pennsylvania, Florida, Texas, Ohio, Alabama, North Dakota, New Hampshire, Massachusetts, Wyoming, Utah, Arizona, Illinois, Kentucky, Missouri, Montana, and Iowa, in the race to establish Bitcoin reserves. This trend follows the federal government's interest in establishing a strategic Bitcoin reserve for the U.S. Treasury.



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