BIG NEWS for bitcoiners! 🎉 ARIZONA 🌵 is about to BECOME a PIONEERING STATE! 🥇 Yesterday, they approved TWO BILLS 📜📜 that seek to create a STATE RESERVE of $BTC and CRYPTOASSETS! 🤯 The initiatives SB 1025 and SB 1373 have ALREADY PASSED through Congress! 🏛️ Only ONE LAST crucial STEP remains: Governor KATIE HOBBS' SIGNATURE! ✍️
What are these LAWS about? 🤔
SB 1025 💰: Allows Arizona to INVEST up to the 10% of its PUBLIC FUNDS in BITCOIN! 🤑 With a treasury managing $32 BILLION in assets and a state budget of $65 BILLION! 🤯 They could INVEST nearly $3 BILLION in #BTC ! 🚀
SB 1373 🏦: PROPOSES to create a STRATEGIC RESERVE of MULTIPLE CRYPTOCURRENCIES! 💎 Initially, it will be FUNDED with MONEY SEIZED in CRIMINAL proceedings! 🚨 The state treasurer could invest up to 10% of the confiscated funds in crypto EACH FISCAL YEAR! 🗓️
BUT WATCH OUT! 👀 Governor Hobbs has a LONG HISTORY of VETOS 🚫 and has ALREADY REJECTED a PRO-CRYPTO project! 😠 Bitcoiners are on ALERT 🚨 and ASKING citizens to CONTACT her office to AVOID the VETOS! 🗣️
What will HAPPEN if Hobbs VETOES the laws? 😥 They would be BLOCKED! 🛑 To OVERRIDE the veto, a SUPERMAJORITY of TWO-THIRDS in both chambers would be needed! 🏛️🏛️ And for now, the votes are NOT ENOUGH! 😬
And what if she SIGNS? 🎉 The laws would TAKE EFFECT IMMEDIATELY! 🚀 Opening the DOOR 🚪 to a TRANSPARENT and SAFE OPERATING FRAMEWORK for investments in crypto! 🤩 Arizona could BECOME a CENTER of TECHNOLOGICAL INNOVATION 💡 and SET a PRECEDENT for other STATES!
FUN FACT! 🤔 There are already 46 BILLS related to STRATEGIC RESERVES of BITCOIN in the U.S.! 39 are STILL ACTIVE in 20 STATES! 🗺️ TEXAS 🤠, ALABAMA 🏈, FLORIDA 🍊 and others are in the FIGHT! 💪 ARIZONA could BE THE FIRST to reach the GOAL! 🏁
