Arizona Bitcoin Bill Sparks Nationwide Ripple Effect
Arizona recently passed a landmark Bitcoin reserve bill that allows the state government to invest a portion of public funds in digital assets such as Bitcoin and establish a special reserve fund. This move not only marks the formal recognition of cryptocurrency by state governments in the United States but may also trigger a "domino effect" across the country.
Currently, at least 24 states, including Texas, Oklahoma, and Utah, are advancing similar legislation, with some bills already entering critical review stages. However, not all regions are optimistic—proposals from five states, including Pennsylvania, have been rejected due to market volatility, security risks, and other concerns. There are also differences among states in terms of investment ratios and asset scope, reflecting the complexity of the legislative process.
Although specific regulations have yet to be introduced at the federal level, the policy direction of the Trump administration has provided endorsement for state-level actions. If more states follow Arizona's lead, it could create hundreds of billions of dollars in institutional demand, further driving the mainstream adoption of cryptocurrency.
Whether this trend can be sustained will depend on market performance, regulatory consensus, and legislative processes in various states. The development of cryptocurrency policy in the United States is worth close attention in the next six months.
