On the 22nd of April, the Arizona House advanced Senate Bill 1025 — formally titled the “Arizona Strategic Bitcoin Reserve Act”- in a narrow 31-25-4 vote.
As expected, this legislation laid the groundwork for the state to begin treating Bitcoin [BTC] as a strategic investment asset.
Accompanying it is Senate Bill 1373, passed the same day with a 37-19-4 vote, which proposes the creation of a “Digital Assets Strategic Reserve Fund” to support broader digital asset management.
For those unaware, both bills had already cleared the Arizona Senate on the 27th of February and now head to Governor Katie Hobbs’ desk for final approval.
