#ArizonaBTCReserve
, *The State of Arizona* has recently taken a historic step by passing the *"Strategic Bitcoin Reserve Act" (SB1025)*, making it the first state in the U.S. to allow public funds to be invested in Bitcoin.
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📌 Arizona's Strategic Bitcoin Reserve Act (SB1025)
🏛️ Legal Approval:
- This bill was presented by *Senator Wendy Rogers* and *Representative Jeff Weninger* and was approved in the Senate by a vote of *17-11*. [1]
💰 Key Points:
- Allows up to *10% of public funds*, including state treasury and pension funds, to be invested in Bitcoin and other digital assets. [2]
- Includes provisions for *segregated accounts for secure storage* and potential integration with a federal strategic Bitcoin reserve, should such a system be established at the federal level. [3]
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🔐 Security and Management:
- The bill includes measures for the protection of digital assets through *cold storage*, *multi-signature wallets*, and *strict monitoring protocols*. [4]
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🌐 Progress in Other States:
- In addition to Arizona, *Utah* has also passed similar bills, while some states like *Montana* and *Wyoming* have raised concerns about the volatility of crypto, leading to such measures being 📈 potential impacts:
