#ArizonaBTCReserve Arizona takes a firm step towards the Bitcoin reserve

Arizona has taken a significant step by approving two bills that pave the way for establishing the first state Bitcoin reserve in the United States. The bills approved by the House of Representatives allow for a possible allocation of 10% of the state treasury and pension funds to Bitcoin and other digital assets.

This decision makes Arizona the first state in the U.S. to advance so significantly towards holding Bitcoin as a strategic asset. The bills are now awaiting the signature of Governor Katie Hobbs for official enactment. If approved, Arizona could set a national precedent for the integration of Bitcoin into public finances, despite criticism from some economists.