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🚨Breaking News🚨
The Arizona Strategic Bitcoin Reserve Act (Senate Bill 1025) and its sister bill SB 1373 signify a major step in legislation bringing Bitcoin and other cryptocurrencies into the public financial playbook of Arizona.
🏛️ 𝗞𝗲𝘆 𝗣𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗕𝗶𝗹𝗹𝘀:
• 𝑺𝑩 𝟏𝟎𝟐𝟓: Empowers the Arizona State Treasurer and public pension funds to invest a maximum of 10% of state-run assets in digital assets, such as Bitcoin. This would potentially be worth more than $3 billion, according to the state's $31.5 billion in assets.
• 𝑺𝑩 𝟏𝟑𝟕𝟑: Creates a Digital Assets Strategic Reserve Fund to deal with digital assets received as a result of seizures or appropriations by the legislature. The fund has provisions for on-chain auditability and standardized risk controls.
🧭 𝗟𝗲𝗴𝗶𝘀𝗹𝗮𝘁𝗶𝘃𝗲 𝗣𝗿𝗼𝗴𝗿𝗲𝘀𝘀:
The two bills were approved by the Arizona House of Representatives on April 28, 2025, with SB 1025 getting a vote of 31-25 and SB 1373 recording 37-19. Previously, they had passed in the Senate on February 27.
🖋️ 𝗪𝗮𝗶𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗚𝗼𝘃𝗲𝗿𝗻𝗼𝗿'𝘀 𝗦𝗶𝗴𝗻𝗮𝘁𝘂𝗿𝗲:
The bills are now waiting for the signature of Governor Katie Hobbs. Although she had earlier signalled a veto position on all bills until there is a bipartisan budget deal, a recent bill on disability funding could sway her.
🌐 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝘀𝗲𝗾𝘂𝗲𝗻𝗰𝗲𝘀:
Should it be signed into law, Arizona would become the first American state to officially incorporate Bitcoin in its treasury reserves, and perhaps set a national precedent for other states considering such moves.
#ArizonaBTCReserve
🏛️ 𝗞𝗲𝘆 𝗣𝗿𝗼𝘃𝗶𝘀𝗶𝗼𝗻𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗕𝗶𝗹𝗹𝘀:
• 𝑺𝑩 𝟏𝟎𝟐𝟓: Empowers the Arizona State Treasurer and public pension funds to invest a maximum of 10% of state-run assets in digital assets, such as Bitcoin. This would potentially be worth more than $3 billion, according to the state's $31.5 billion in assets.
• 𝑺𝑩 𝟏𝟑𝟕𝟑: Creates a Digital Assets Strategic Reserve Fund to deal with digital assets received as a result of seizures or appropriations by the legislature. The fund has provisions for on-chain auditability and standardized risk controls.
🧭 𝗟𝗲𝗴𝗶𝘀𝗹𝗮𝘁𝗶𝘃𝗲 𝗣𝗿𝗼𝗴𝗿𝗲𝘀𝘀:
The two bills were approved by the Arizona House of Representatives on April 28, 2025, with SB 1025 getting a vote of 31-25 and SB 1373 recording 37-19. Previously, they had passed in the Senate on February 27.
🖋️ 𝗪𝗮𝗶𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗚𝗼𝘃𝗲𝗿𝗻𝗼𝗿'𝘀 𝗦𝗶𝗴𝗻𝗮𝘁𝘂𝗿𝗲:
The bills are now waiting for the signature of Governor Katie Hobbs. Although she had earlier signalled a veto position on all bills until there is a bipartisan budget deal, a recent bill on disability funding could sway her.
🌐 𝗡𝗮𝘁𝗶𝗼𝗻𝗮𝗹 𝗖𝗼𝗻𝘀𝗲𝗾𝘂𝗲𝗻𝗰𝗲𝘀:
Should it be signed into law, Arizona would become the first American state to officially incorporate Bitcoin in its treasury reserves, and perhaps set a national precedent for other states considering such moves.
#ArizonaBTCReserve
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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