#ArizonaBTCReserve
move, the Arizona House of Representatives approved legislation allowing up to 10% of the state's $31.5 billion assets to be invested in digital assets like Bitcoin. Senate Bills SB1025 and SB1373 aim to establish a "Digital Assets Strategic Reserve Fund," focusing on Bitcoin as a primary asset. The bills await Governor Katie Hobbs' signature to become law.
This decision seeks to diversify the state's reserves and protect against inflation, positioning Arizona as a hub for blockchain innovation. The legislation also includes provisions for managing seized or allocated digital assets, ensuring transparency and oversight through blockchain technologies.
