#BTC
Arizona leads the creation of a state Bitcoin reserve
The state of Arizona is advancing in the creation of a Bitcoin reserve following the approval of bill SB1025 in the Senate Finance Committee. The proposal, supported by a vote of 5-2, would allow for investing up to 10% of public funds in Bitcoin, including treasury resources and retirement systems.
This move aligns with a growing trend in the U.S., where 12 states have introduced similar initiatives. Arizona could become the first state to officially establish a Bitcoin reserve, marking a milestone in the integration of cryptocurrencies into public finance.
Will this be the beginning of a new era for cryptocurrencies in state management?