#ArizonaBTCReserve
the state legislature passed Senate Bills 1025 and 1373, authorizing the allocation of up to 10% of Arizona’s $31.5 billion public funds into Bitcoin and other digital assets. This move aims to diversify the state’s financial portfolio and embrace emerging technologies.
The Strategic Bitcoin Reserve Act (SB 1025), co-sponsored by Senator Wendy Rogers and Representative Jeff Weninger, focuses specifically on Bitcoin investments. It allows the state treasury and retirement systems to invest in Bitcoin, with provisions for secure storage in segregated accounts.
This legislative development positions Arizona at the forefront of integrating digital assets into public finance, potentially influencing other states to consider similar measures.
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