#ArizonaBTCReserve Arizona lawmakers approve bills to Invest state assets in Bitcoin and NFTs

Arizona has moved a step closer to becoming the first U.S. state to establish a Bitcoin reserve. Lawmakers in the House of Representatives on Monday approved Senate Bill 1025 and Senate Bill 1373, clearing the way for a potential 10% allocation of treasury and pension funds into Bitcoin and other digital assets.

The legislation, now awaiting Governor Katie Hobbs' signature, would authorize Arizona’s treasurer to invest up to 10% of state-managed assets in digital currencies.