On April 29, 2025, the Arizona House of Representatives in the United States passed the Strategic Bitcoin Reserve Act (SB 1025) with a vote of 31 in favor and 25 against. This act authorizes the state treasury and pension system to invest up to 10% of available funds in digital assets such as Bitcoin. Additionally, the SB 1373 bill establishes a digital asset strategic reserve fund managed by the state treasurer, with funding sources including seized assets and legislative appropriations, also capping annual investments at 10%. If these two bills are signed by Democratic Governor Katie Hobbs, the state will become the first in the nation to mandate public funds allocation to Bitcoin through legislation.

The bill's sponsor, Republican legislator Wendy Rogers, stated that this move aims to "incorporate cryptocurrency into the modern public finance management framework," reflecting the trend of mainstreaming digital assets. Data shows that the Arizona Public Safety Personnel Retirement System (PSPRS) currently manages over $20 billion in assets, and if 10% is allocated to Bitcoin, it would create a market purchasing power of $2 billion, equivalent to about 20,000 BTC. This policy could trigger a chain reaction—15 states across the U.S. are already advancing similar legislation, and at the federal level, the Trump administration also signed an executive order in March establishing a strategic Bitcoin reserve.

However, the controversial nature of the bill cannot be overlooked. Opponents worry that Bitcoin's price volatility could threaten the safety of public funds, while supporters believe it can hedge against inflation and attract blockchain businesses. Industry experts point out that if the bill is enacted, Arizona could become a new hub for the crypto economy, but the compliance and risk management of its policy execution will need to be continuously monitored. #亚利桑那比特币储备