Arizona Senate Committee Passes Strategic Bitcoin Reserve Bill in 5-2 Vote.
Arizona has gained significant attention with its bold legislative steps toward Bitcoin investments.
On January 27, the Arizona Senate Finance Committee approved the “Arizona Strategic Bitcoin Reserve Act” (SB1025) in a 5-2 vote, pushing the state closer to officially investing public funds in Bitcoin.
Co-sponsored by State Senator Wendy Rogers and State Representative Jeff Weninger, the bill seeks to allow up to 10% of public funds—money held by the state treasurer and retirement systems—to be invested in Bitcoin and other virtual currencies.
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