#ArizonaBTCReserve

$BTC As of April 30, 2025, Binance has been actively involved in significant developments concerning state-level Bitcoin reserves and broader crypto market trends. 

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🏛️ Arizona Approves Strategic Bitcoin Reserve

Arizona has made history by passing the Strategic Bitcoin Reserve Act, becoming the first U.S. state to authorize its Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. This legislative move aims to diversify the state’s financial assets and act as a hedge against inflation.  

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📈 Binance Market Update

According to CoinMarketCap data, the global crypto market cap stands at $2.98 trillion, marking a 0.37% decrease over the last day. Bitcoin (BTC) traded between $93,444 and $95,630 over the past 24 hours, with the current price at $94,937, reflecting a 0.17% increase.  

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🌐 Binance’s Role in Global Crypto Policy

Binance is actively advising multiple governments on forming digital asset regulations and establishing national Bitcoin reserves. This advisory role follows a tumultuous recent history, including Binance’s 2023 guilty plea to U.S. charges related to money laundering and sanctions violations. Under CEO Richard Teng, Binance is emphasizing compliance, now employing around 1,500 staff in that area and operating under a five-year U.S. monitoring program.