#ArizonaBTCReserve#ArizonaBTCReserve Arizona has passed two bills, SB 1025 (Arizona Strategic Bitcoin Reserve Act) and SB 1373 (Strategic Digital Assets Reserve Bill), to establish a state-managed cryptocurrency reserve, making it the first U.S. state to approve such legislation. SB 1025 allows up to 10% of public funds, including treasury and pension assets, to be invested in Bitcoin and other virtual currencies. SB 1373 creates a Digital Assets Strategic Reserve Fund for seized digital assets and state-allocated funds, also capped at 10% annual investment. Both bills passed the Arizona House on April 29, 2025, and await Governor Katie Hobbs’ signature. Despite a prior veto threat over unrelated budget issues, Hobbs lifted this after a bipartisan deal on April 24, 2025, though her stance on these bills remains unclear. If signed into law, Arizona would lead in state-level Bitcoin adoption, potentially influencing other states like Texas, Florida, and New Hampshire, where similar legislation is pending. Bitcoin’s price rose to around $95,000 after the votes, reflecting market enthusiasm.
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