#ArizonaBTCReserve Arizona has officially passed bills allowing investment of up to 10% of public funds in Bitcoin and other digital assets, potentially making it the first US state with a strategic Bitcoin reserve. Senate Bills 1025 and 1373 await Governor Katie Hobbs' signature. SB1025 specifically amends statutes for Bitcoin reserves. State Representative Jeff Weninger noted this could include other cryptocurrencies. Arizona's move could influence other states considering similar legislation. If enacted, Arizona would lead in holding Bitcoin as a state asset, despite some economic criticism. Governor Hobbs, who initially opposed the bill due to disability funding concerns, now faces pressure to approve it. Her decision will determine Bitcoin's role in Arizona's state fund management. This initiative could set a precedent for other states, depending on the final decision.
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