DigitalAssetPolicy
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𝗔𝗿𝗶𝘇𝗼𝗻𝗮’𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗥𝗲𝘀𝗲𝗿𝘃𝗲 𝗕𝗶𝗹𝗹 𝗠𝗶𝗴𝗵𝘁 𝗙𝗮𝗰𝗲 𝗩𝗲𝘁𝗼 𝗡𝗲𝗮𝗿 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹❗
Arizona is on the verge of becoming a trailblazer in state-level digital asset management with two groundbreaking bills—SB 1373 and SB 1025—that propose the creation of cryptocurrency reserves, including Bitcoin, stablecoins, and NFTs. SB 1373 seeks to establish a Digital Assets Strategic Reserve Fund managed by the state treasurer, funded through seized digital assets, and permits limited investment and lending of these assets to generate returns. SB 1025 focuses specifically on Bitcoin, authorizing up to 10% of treasury and retirement system funds to be invested in the cryptocurrency.
Both bills have advanced through the Arizona legislature and await final floor votes. However, their enactment faces uncertainty due to Governor Katie Hobbs' pledge to veto all legislation until a separate disability services funding agreement is reached, placing the digital asset initiatives at risk amid a broader political standoff.
If passed, these bills would mark a significant evolution in public finance strategy, signaling Arizona’s intent to actively participate in the digital asset economy rather than merely regulating it.
#DigitalAssetPolicy
#BitcoinReserve #TRXETF #FederalReserveIndependence
Arizona is on the verge of becoming a trailblazer in state-level digital asset management with two groundbreaking bills—SB 1373 and SB 1025—that propose the creation of cryptocurrency reserves, including Bitcoin, stablecoins, and NFTs. SB 1373 seeks to establish a Digital Assets Strategic Reserve Fund managed by the state treasurer, funded through seized digital assets, and permits limited investment and lending of these assets to generate returns. SB 1025 focuses specifically on Bitcoin, authorizing up to 10% of treasury and retirement system funds to be invested in the cryptocurrency.
Both bills have advanced through the Arizona legislature and await final floor votes. However, their enactment faces uncertainty due to Governor Katie Hobbs' pledge to veto all legislation until a separate disability services funding agreement is reached, placing the digital asset initiatives at risk amid a broader political standoff.
If passed, these bills would mark a significant evolution in public finance strategy, signaling Arizona’s intent to actively participate in the digital asset economy rather than merely regulating it.
#DigitalAssetPolicy
#BitcoinReserve #TRXETF #FederalReserveIndependence
𝗔𝗿𝗶𝘇𝗼𝗻𝗮’𝘀 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗥𝗲𝘀𝗲𝗿𝘃𝗲 𝗕𝗶𝗹𝗹 𝗠𝗶𝗴𝗵𝘁 𝗙𝗮𝗰𝗲 𝗩𝗲𝘁𝗼 𝗡𝗲𝗮𝗿 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹❗
Arizona is on the verge of becoming a trailblazer in state-level digital asset management with two groundbreaking bills—SB 1373 and SB 1025—that propose the creation of cryptocurrency reserves, including Bitcoin, stablecoins, and NFTs. SB 1373 seeks to establish a Digital Assets Strategic Reserve Fund managed by the state treasurer, funded through seized digital assets, and permits limited investment and lending of these assets to generate returns. SB 1025 focuses specifically on Bitcoin, authorizing up to 10% of treasury and retirement system funds to be invested in the cryptocurrency.
Both bills have advanced through the Arizona legislature and await final floor votes. However, their enactment faces uncertainty due to Governor Katie Hobbs' pledge to veto all legislation until a separate disability services funding agreement is reached, placing the digital asset initiatives at risk amid a broader political standoff.
If passed, these bills would mark a significant evolution in public finance strategy, signaling Arizona’s intent to actively participate in the digital asset economy rather than merely regulating it.
#DigitalAssetPolicy
#BitcoinReserve #TRXETF #FederalReserveIndependence
Arizona is on the verge of becoming a trailblazer in state-level digital asset management with two groundbreaking bills—SB 1373 and SB 1025—that propose the creation of cryptocurrency reserves, including Bitcoin, stablecoins, and NFTs. SB 1373 seeks to establish a Digital Assets Strategic Reserve Fund managed by the state treasurer, funded through seized digital assets, and permits limited investment and lending of these assets to generate returns. SB 1025 focuses specifically on Bitcoin, authorizing up to 10% of treasury and retirement system funds to be invested in the cryptocurrency.
Both bills have advanced through the Arizona legislature and await final floor votes. However, their enactment faces uncertainty due to Governor Katie Hobbs' pledge to veto all legislation until a separate disability services funding agreement is reached, placing the digital asset initiatives at risk amid a broader political standoff.
If passed, these bills would mark a significant evolution in public finance strategy, signaling Arizona’s intent to actively participate in the digital asset economy rather than merely regulating it.
#DigitalAssetPolicy
#BitcoinReserve #TRXETF #FederalReserveIndependence
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