#ArizonaBTCReserve Arizona has taken significant steps towards establishing a strategic Bitcoin reserve. Here's what's happening ¹ ²:

- *Bill Passage*: The Arizona House of Representatives passed two bills, Senate Bill 1025 (SB1025) and SB1373, with votes of 31-25 and 37-19, respectively. SB1025, also known as the "Arizona Strategic Bitcoin Reserve Act," allows up to 10% of public funds to be invested in Bitcoin.

- *What the Bills Entail*: SB1025 enables public entities to directly invest in Bitcoin and other cryptocurrencies, while SB1373 proposes creating a Digital Assets Strategic Reserve Fund to hold and manage seized cryptocurrencies and funds appropriated by the legislature.

- *Next Steps*: Both bills now await Governor Katie Hobbs' signature to become law. Governor Hobbs had previously threatened to veto bills due to a funding dispute but has since ended the standoff, potentially paving the way for the Bitcoin Reserve to become law.

- *Impact*: If signed into law, Arizona would be the first US state