#ArizonaBTCReverse

As of April 29, 2025, Arizona is on the verge of becoming the first U.S. state to establish a state-backed Bitcoin reserve. The Arizona House of Representatives recently passed two significant bills:

Senate Bill 1025 (SB1025): This bill, known as the Arizona Strategic Bitcoin Reserve Act, permits the state treasurer and retirement system to invest up to 10% of available funds in Bitcoin.

Senate Bill 1373 (SB1373): This bill establishes a broader Digital Assets Strategic Reserve Fund, allowing investments in various digital assets beyond Bitcoin.

Both bills have been approved by the legislature and are now awaiting Governor Katie Hobbs' signature to become law. Governor Hobbs had previously pledged to veto all bills until a budget for disability funding was passed. However, recent progress in budget talks may influence her decision regarding these bills.$BTC