#ArizonaBTCReserve The legislative council in the state of Arizona approved two bills proposing different ways for the state to create a cryptocurrency reserve.

The two bills: The Arizona House of Representatives approved two bills that were previously passed by the Senate, namely SB1025 and SB1373.

Purpose of the laws: The laws propose the establishment of a strategic reserve for digital assets for the state.

SB1025 (Strategic Bitcoin Reserve): This law allows the state treasurer to invest up to 10% of the funds managed by the state in Bitcoin and other digital assets.

SB1373 (Strategic Digital Assets Reserve): This law creates a reserve fund for digital assets that can be funded from legislative allocations and digital assets seized by law enforcement authorities. It also allows for the lending of digital assets to generate additional returns.

The two bills are now awaiting the signature of the state governor to become law.

This step is considered significant towards the adoption of digital currencies at the state level in the United States.