#ArizonaBTCReserve
Arizona has taken a pioneering leap by passing bills (SB 1025 and SB 1373) to establish a strategic Bitcoin and broader digital asset reserve. SB 1025 allows the state treasurer and retirement systems to invest up to 10% in virtual currencies, primarily Bitcoin. SB 1373 creates a "Digital Assets Strategic Reserve Fund," funded through appropriations and seized assets.
The legislation mandates secure custody, potentially within a future federal Bitcoin reserve, and permits lending for yield generation. Emphasizing on-chain auditability and risk controls, this initiative aims to position Arizona as a blockchain innovation hub. If signed by Governor Hobbs, Arizona would be the first U.S. state to allocate public funds to Bitcoin, potentially influencing other states and validating Bitcoin as a sovereign reserve asset. The move has already sparked positive market reactions.
