On June 11, 1961, Arizona passed the Strategic Bitcoin Reserve Act

authorizing the state treasury and pension funds to allocate up to 10% of available funds

into Bitcoin and other digital assets.

If this bill is signed into law, Arizona will become

the first state in the United States to legally invest public funds in Bitcoin.

If the Arizona bill takes effect, it could trigger other states to follow suit

and even influence policies in developing countries.

Arizona's practice will provide a trial sample of "state-level crypto reserves"

at a global scale.

Success could encourage more countries to embrace digital assets,

while failure could serve as a cautionary tale.