🇺🇸 NM Joins BTC Reserve Race 🏁 – Will Trump’s 🦅 Czar Make Crypto History?

by
  • 🎯 New Mexico 🌵 now part of the 15 U.S. states 🇺🇸 submitting BTC Reserve bills.
  • 📉 Polymarket odds 📈 of a national BTC Reserve drop beneath 50%.

Amidst the whirlwind of change sweeping across America 🇺🇸 since the triumphant return of the ‘Art of the Deal’ author, New Mexico 🌵 has taken a bold step into the realm of Bitcoin[BTC] Reserve, a move as daring as a lone coyote under a full moon.

The New Mexico (NM) Reserve bill 📜, if passed, will see the state allocate 5% of its public funds 💰 to the acquisition of BTC, a strategy as audacious as a tumbleweed rolling through the desert plains.

Senator Anthony Thornton 🤠, a man who could rival Wyatt Earp in bravery, introduced Senate Bill (275) on February 4th. It awaits the STBTC committee’s verdict, as uncertain as a poker game in a saloon.

🚀 U.S. Bitcoin Reserve Race 🏎️

Wyoming 🐎, under the watchful eye of Senator Cynthia Lummis, has also ventured into the BTC Reserve, planning to invest $300M in BTC, a move as significant as finding gold in them thar hills.

According to Bitcoin Laws, 15 states 🌟 have seen some progress in BTC Reserve bills, each one as hopeful as a miner panning for gold.

Most bills are either in their infancy or awaiting the committee’s first reading, much like a newborn calf waiting for its first steps.

North Dakota and Wyoming’s attempts have faltered, akin to a horse thrown by a wild rodeo bull. However, Arizona 🌵 remains in the lead, its bill advancing to the general floor for a vote, as exciting as a high noon showdown.

On the national stage, Trump’s crypto czar 🦅, David Sacks, revealed that President Trump tasked him and his team to ‘evaluate the idea of BTC Reserve,’ a mission as critical as securing the fort against a bandit raid.

Though no timeline exists for the national BTC Reserve, the president ordered the working group to present a framework within 180 days, akin to setting the stage for a ‘national digital stockpile’ treasure hunt.

As of this writing, Polymarket odds 📉 for the national BTC Reserve in 2025 remain below 50%, suggesting BTC hasn’t fully embraced the potential of a favorable outcome, much like a cautious gunslinger unsure of his next move.

Read More

2025-02-07 02:19