JUST IN: 🇺🇲Arizona's $BTC Reserve Bills to face final vote today as it could be first state to pass SBR.
If passed, Arizona would become the first state to invest public funds in Bitcoin, with up to 10% of state treasuries and retirement systems allowed to be invested in the cryptocurrency. The bill proposes secure storage in cold and multi-signature wallets, with potential storage in a federal Strategic Bitcoin Reserve. Strict protocols would be in place to minimize risks associated with Bitcoin's volatility.
This move could pave the way for other states to adopt similar Bitcoin reserve bills, and supporters argue it would protect public funds from economic risks and inflation.
