PublicFinance

#ArizonaBTCReserve
Arizona has become a pioneer in U.S. cryptocurrency policy by advancing the Strategic Bitcoin Reserve Act (SB1025). This legislation allows the state to invest up to 10% of public funds in Bitcoin and other digital assets, aiming to diversify assets and hedge against inflation. The bill has passed both the Senate and House Commerce Committee, awaiting full House approval and the governor's signature. If enacted, Arizona would be the first state to establish a state-managed Bitcoin reserve, potentially setting a precedent for others.
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#ArizonaCrypto #BitcoinReserve #CryptoLegislation #DigitalAssets #PublicFinance

#ArizonaBTCReserve

Arizona Advances Toward Establishing a State-Level Bitcoin Reserve​

Arizona is on the verge of becoming the first U.S. state to officially incorporate Bitcoin into its financial strategy. The state legislature has passed two significant bills—SB1025 and SB1373—which are now awaiting Governor Katie Hobbs' signature.​

🔍 Key Provisions:

SB1025: Authorizes the State Treasurer and retirement systems to allocate up to 10% of their portfolios into digital assets, including Bitcoin. ​

SB1373: Establishes a Digital Assets Strategic Reserve Fund, designed to hold seized cryptocurrencies and future appropriations, with mandates for on-chain auditability and standardized risk controls. ​

These legislative moves position Arizona at the forefront of state-level cryptocurrency adoption, potentially setting a precedent for other states considering similar initiatives.​

Stay tuned for further developments as Arizona leads the way in integrating digital assets into public finance.​

#ArizonaBTCReserve #Bitcoin #CryptoLegislation #DigitalAssets #PublicFinance

#ArizonaBTCReserve Arizona takes a significant leap into the crypto world! The state legislature has approved bills to establish a "Digital Assets Strategic Reserve Fund," potentially allocating up to 10% of state-managed funds into digital assets like Bitcoin. This fund will also incorporate seized crypto.
Senate Bills 1025 and 1373 have passed the House and now await Governor Hobbs' signature. If enacted, Arizona would be the first US state to create such a Bitcoin reserve, signaling a bold move towards embracing digital assets in public finance. This could pave the way for wider institutional adoption. #ArizonaBTCReserve #Bitcoin #Crypto #PublicFinance

#ArizonaBTCReserve
Arizona is pioneering crypto finance with its Strategic Bitcoin Reserve Act (SB1025), allowing up to 10% of public funds—including pensions and treasury holdings—to be invested in Bitcoin. The bill, co-sponsored by Senators Wendy Rogers and Jeff Weninger, has passed the Senate Finance Committee and is advancing through the legislative process. If enacted, Arizona would become the first U.S. state to officially integrate Bitcoin into its financial reserves, potentially setting a precedent for others. This move aligns with a growing national trend, as several states consider similar legislation. Arizona's initiative reflects a bold step toward modernizing state finances and embracing digital assets as part of its economic strategy.

#ArizonaBTCReserve #Bitcoin #CryptoPolicy #DigitalAssets #PublicFinance
Summary:
Arizona's Strategic Bitcoin Reserve Act (SB1025) proposes investing up to 10% of public funds in Bitcoin, marking a significant step in state-level crypto adoption.