New Mexico
Bitcoin States
New Mexico introduced HB 76 in 2024 to authorize the state treasurer to invest a portion of funds in Bitcoin, joining a growing list of states pursuing Bitcoin treasury strategies. The state has significant renewable energy resources including solar and wind that attract Bitcoin mining interest. New Mexico does not currently have specific digital asset licensing beyond federal requirements.
Details
- State
- New Mexico
- Governor
- Michelle Lujan Grisham
- Known For
- HB 76 Bitcoin treasury bill (2024), solar and wind energy for mining
- Income Tax
- Yes
- Bill Number
- HM 91
- Description
- New Mexico proposed HM 91 (2024) to study Bitcoin as a state reserve. No formal Bitcoin legislation enacted as of early 2026.
- Abbreviation
- NM
- Notable Legislation
- HB 76 (2024) - Bitcoin treasury investment bill
- Bitcoin Mining Rights
- Yes
- Bitcoin Friendly Score
- medium
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New Hampshire
New Hampshire became the first US state to sign a Bitcoin strategic reserve law into effect, with Governor Kelly Ayotte signing HB 302 in 2025. The law allows the state treasurer to invest up to 5% of certain state funds in Bitcoin and precious metals. Consistent with its "Live Free or Die" motto and libertarian political culture, New Hampshire also hosts the Free State Project — a movement of libertarians relocating to the state — many of whom are Bitcoin advocates.
Texas
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