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#ArizonaBTCReserve Arizona has moved closer to becoming the first U.S. state to create a Strategic Bitcoin Reserve by passing two billsāSB1025 and SB1373āallowing up to 10 % of public funds to be allocated to digital assets, chiefly Bitcoin, These measures authorize the State Treasurer to invest in and manage a Digital Assets Strategic Reserve Fund, financed by future appropriations and seized crypto assets, with strict on-chain auditability and risk controls The legislation now awaits Governor Katie Hobbsās signature, with potential veto threats tied to broader budget negotiations. Legislative Framework Senate Bill 1025 SB1025, officially titled the āArizona Strategic Bitcoin Reserve Act,ā passed its third reading on April 28, 2025, with a House vote of 31ā25. It authorizes up to 10 % of the state treasury and pension funds to be invested in Bitcoin, held in segregated Federal Reserve accounts to ensure custodial security. Senate Bill 1373 SB1373 complements SB1025 by establishing the Digital Assets Strategic Reserve Fund, which will pool seized crypto and designated appropriations under standardized risk-management protocols. Key Provisions Allocation Cap: Up to 10 % of Arizonaās $31.5 billion in public funds may go into digital assets, primarily. Auditability & Controls: All holdings and transactions must be auditable on-chain, with defined risk limits to protect public assets. Custody & Segregation: Bitcoin reserves to be held in segregated Federal Reserve accounts, insulating them from broader treasury operations. Implications By voting to integrate Bitcoin into state finances, Arizona signals confidence in blockchainās long-term value propositionādiversifying against inflation and fostering innovation in its financial ecosystem. If fully utilized, the 10 % allocation could mean over $3 billion redirected into crypto, potentially acquiring 15,000ā31,000 BTC depending on market prices. Next Steps & Outlook Governorās Decision: Governor Hobbs must sign or veto before the legislative session ends; her pending veto threats
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Neo has officially announced the forthcoming closure of its Neo Legacy network, marking the end of an era for the blockchain platform. Launched in October 2016 as AntShares, Neo Legacy has been operational for over eight years, contributing significantly to the Neo ecosystem. During its tenure, the network produced over 14 million blocks, supported 213 types of assets, processed more than 281 million transactions, and maintained nearly 3 million addresses.ī The Neo Legacy testnet is scheduled to shut down on June 1, 2025, while the mainnet will cease operations on October 31, 2025. This transition is part of Neo's strategic shift to the more advanced Neo N3 network, which offers enhanced features such as native decentralized storage, oracles, a revamped governance system, and an improved economic model. īciteīturn0search3īī Users holding NEO and GAS tokens on the Neo Legacy network are encouraged to migrate their assets to Neo N3. The migration process involves creating a new address on Neo N3 and sending Neo Legacy tokens to a migration contract, which then releases equivalent Neo N3 tokens to the new address at a 1:1 ratio. Migration can be performed through the Neo.org website, supported wallets, or participating exchanges. īciteīturn0search3īī To incentivize migration, Neo previously offered a token migration incentive program, providing bonus NEO tokens to users who migrated during specific periods. While the initial incentive program concluded on October 31, 2021, users are still encouraged to complete the migration to ensure continued support and access to the latest features on the Neo N3 network. īciteīturn0search3īī For detailed instructions and support on the migration process, users can visit Neo's official migration page at neo.org/migration.ī https://neo.org/migration#neoairdrop #AirdropStepByStep
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$BTC next crypto market 98% plus goes up
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#TrumpTaxCuts President Trump says the US substantially reduce or even eliminate federal income taxes. once the new traiff regime is fully in place #TrumptaxCuts #TariffPause
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