Roswell launches first city strategic Bitcoin reserve plan

In a spirited Las Cruces Council meeting on May 5, 2025, John Jacobs, a young resident, urged city leaders to consider establishing a strategic Bitcoin reserve, following a similar initiative by the city of Roswell. Jacobs highlighted the increasing devaluation of fiat currency, likening it to an oversupply of bananas that would render them worthless. He expressed his willingness to contribute time and resources to help the city navigate the digital transformation of wealth.

Jacobs emphasized that while he does not expect immediate changes, he believes Las Cruces could benefit from embracing digital currency as part of its financial strategy. His passionate plea for innovation resonated with the council, suggesting a potential shift in how the city approaches its financial future.

In a separate discussion, Diane Starbuck from Las Cruces Nuns advocated for the separation of church and state, thanking council members for their support during the recent Day of Reason event. Starbuck's remarks underscored the importance of protecting individual freedoms in matters of worship.

The meeting also featured concerns from resident Lucas Herndon regarding local police practices, indicating ongoing community engagement with law enforcement issues. As discussions continue, the council faces the challenge of balancing innovative financial strategies with community concerns and values.