Arizona lawmakers approved two bills that will allow the state to create a reserve in bitcoins or other cryptocurrencies. The first document (SB1025) provides for the possibility of investing up to 10% of funds in digital assets, while the second (SB1373) lays the groundwork for the creation of a separate digital reserve for the state.
Against the backdrop of similar initiatives in other U.S. states and at the federal level, Arizona has come closer to being the first to officially establish the creation of a strategic crypto reserve at the legislative level.
