#ArizonaBTCReserve

1. *Proposed Bitcoin Legislation

- In 2022, Arizona State Senator **Wendy Rogers** proposed a bill to make **Bitcoin legal tender** in Arizona (similar to El Salvador’s move). However, this did not pass.

- Another bill sought to allow **state agencies to accept Bitcoin for tax payments**, but it also did not become law.

### 2. **Bitcoin in State Treasury?**

- Unlike **Texas**, which holds Bitcoin as part of its state treasury (through seized assets or corporate holdings), Arizona has not officially allocated BTC in its reserves.

- Some U.S. states (like **Wyoming, Florida, and Texas**) are more proactive in crypto adoption, but Arizona has not yet taken major steps.

### 3. **Arizona’s Crypto-Friendly Stance**

- Arizona has been relatively **pro-crypto** in terms of legislation:

- In 2017, it passed a law recognizing **blockchain signatures** as legally valid.

- It has explored **tax incentives for blockchain businesses**.

- However, no official BTC reserve exists at the state level.

### 4. **Could Arizona Create a BTC Reserve?**

- Possible, but unlikely soon. It would require:

- Legislative approval.

- Secure custody solutions (like a state-run cold wallet or partnership with a regulated custodian).

- Clear regulatory guidelines from the **SEC** and **CFTC**.

### 5. **Private & Local Crypto Initiatives**

- Some Arizona cities (like **Phoenix** and **Scottsdale**) have seen **Bitcoin ATMs** and crypto-friendly businesses.

- Universities (e.g., **Arizona State University**) offer blockchain courses.

### **Conclusion**

Arizona does **not** currently hold Bitcoin in its state reserves, but it has shown interest in crypto-friendly policies. If adoption grows, future legislation could change this.