#ArizonaBTCReserve Lawmakers in the Arizona House of Representatives approved two bills that could allow the state to establish a reserve utilizing bitcoin or other cryptocurrencies.

In the third reading of Senate Bill No. 1025 (SB1025) on April 28, which aims to amend Arizona laws to enable a strategic BTC reserve, 31 members of the Arizona House of Representatives voted in favor of the bill, while 25 were opposed. A similar bill, SB1373, which aimed to establish a state-level digital asset reserve, was approved with 37 votes in favor and 19 against.

"This bill essentially takes an approach that likely 15 other states are considering on a nationwide scale and allows the treasurer to invest up to 10%, likely primarily in bitcoins, but also in other things," said state representative Jeff Weninger regarding SB1025.

"I think it would probably start in the near future as 'May', but as things continue to move towards Bitcoin and these things, it will already be established in the future."