On April 28, 2025, the Arizona State Legislature passed two Bitcoin reserve bills, SB1025 and SB1373, allowing the state government to invest up to 10% of public funds in digital assets such as Bitcoin. If signed by the governor, this initiative will make Arizona the first state in the United States to officially establish a Bitcoin reserve.

This move is significant as it not only marks a deepening integration of crypto assets with the traditional financial system but also provides a model for other states and even global governments to establish digital asset reserves. Supporters argue that Bitcoin, as a non-sovereign asset with a limited supply, holds potential hedging value under inflationary pressures, aiding in asset diversification and enhancing long-term purchasing power. However, Bitcoin's price volatility may pose risks to state funds, which is one of the controversies surrounding the bill.