#ArizonaBTCReserve šļø Arizona Approves Bitcoin Reserve Bills
On April 28, 2025, Arizona made history by becoming the first U.S. state to officially approve the establishment of a Bitcoin Reserve.
Two major billsāSB1025 and SB1373āwere passed, allowing the state to allocate up to 10% of its $31.5 billion budget to invest in Bitcoin and other digital assets.
(Source: Blockchain.News)
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š Details of the Bills
⢠SB1025:
Authorizes Arizona to create a Strategic Bitcoin Reserve, using up to 10% of public funds for investing in Bitcoin and other cryptocurrencies.
⢠SB1373:
Establishes a framework for broader investments in digital assets to promote Arizonaās digital economy.
Both bills have already been approved by Arizonaās legislature and are currently awaiting final signature by Governor Katie Hobbs to become law.
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š Economic and Crypto Market Impact
⢠State-Level Investment:
If fully enacted, Arizona will become a pioneering state actively investing its public funds into Bitcoināpotentially influencing other U.S. states to follow.
⢠Boost for Bitcoin Adoption:
Institutional and government endorsement could further legitimize Bitcoin as a strategic financial asset.
⢠Strengthening Arizonaās Digital Economy:
The Bitcoin Reserve initiative is part of Arizonaās broader plan to lead innovation in blockchain and crypto sectors.