#ArizonaBTCReserve The state of Arizona has approved a bill that would allow investing up to 10% of its public funds in Bitcoin and other digital assets, becoming the first state in the U.S. to establish a strategic Bitcoin reserve. The bill, composed of Senate Bills 1025 and 1373, has already been approved by the state legislature and is now awaiting the signature of Governor Katie Hobbs.

This measure has generated both enthusiasm from cryptocurrency advocates and skepticism from some economists. Supporters argue that diversifying state holdings with Bitcoin could yield long-term benefits, while critics express concerns about the volatility of cryptocurrencies and the potential risks to public funds.

The legislation also establishes a Strategic Digital Asset Reserve Fund, which would be managed by the state treasurer and could be funded through legislative allocations and seized cryptocurrency assets. The final decision on the implementation of this law now rests with Governor Hobbs.