#ArizonaBTCReserve Arizona has taken a significant step towards integrating cryptocurrency into its financial strategy with the passage of Senate Bills 1025 and 1373 on April 28, 2025. These bills authorize the state treasurer to invest up to 10% of state-managed assets, potentially around $3.14 billion, in digital assets like Bitcoin. This move establishes a "Digital Assets Strategic Reserve Fund," which will be capitalized using seized crypto assets and future legislative appropriations.

The legislation mandates adherence to standard fiduciary risk management protocols to safeguard public funds against market volatility and custodial risks. Arizona's initiative mirrors similar explorations in other states like Texas and Florida, aiming to attract blockchain innovation and diversify public asset portfolios. Governor Katie Hobbs' final confirmation is now awaited for these bills to become law.

While Arizona is pioneering a state-level Bitcoin reserve, it's important to note that House Bill 2492, concerning voter registration, is a separate legislative matter. This bill, which faced legal challenges regarding proof of address requirements, is unrelated to the state's cryptocurrency initiatives. Furthermore, while Arizona has considered allowing tax payments in cryptocurrencies in the past, there is no current information indicating that the Arizona Department of Revenue holds Bitcoin. Recent legislation (SB1024 and SB1128) effective January 1, 2026, will allow state agencies to accept cryptocurrency for payments if agreements with service providers are established.