FIRST BITCOIN RESERVE LAW

#BTCRebound #escoin ESCOINTOKEN #elg

Arizona has taken a significant step towards becoming the first U.S. state to support Bitcoin and other digital assets with public funds. Senate Bill 1025 and SB1373 were approved by the Arizona House with votes of 31-25 and 37-19, respectively. These laws ensure that 10% of state public funds (approximately $3.14 billion) will be invested in digital assets such as Bitcoin and NFTs. Additionally, a Strategic Reserve Fund for Digital Assets will be established to hold seized crypto assets (Bitcoinist, 2025).

The laws are awaiting the signature of Governor Katie Hobbs; however, Hobbs' threat of a veto due to budget disagreements casts uncertainty on the future of the legislation (Cryptoslate, 2025). Arizona's move aligns with similar strategies from other states like Texas, Florida, and New Hampshire, aiming to promote blockchain innovation and portfolio diversification (FXStreet, 2025).