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 signed into law, Arizona will become

the first state in the U.S. to legally invest public funds in Bitcoin.

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

and even influence policies in developing countries.

Arizona's practice will provide a "state-level crypto reserve" case study

Success could encourage more countries to embrace digital assets

Failure could serve as a cautionary tale.