๐๐ฟ๐ถ๐๐ผ๐ป๐ฎโ๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐ฅ๐ฒ๐๐ฒ๐ฟ๐๐ฒ ๐๐ถ๐น๐น ๐ ๐ถ๐ด๐ต๐ ๐๐ฎ๐ฐ๐ฒ ๐ฉ๐ฒ๐๐ผ ๐ก๐ฒ๐ฎ๐ฟ ๐๐ฝ๐ฝ๐ฟ๐ผ๐๐ฎ๐นโ
Arizona is on the verge of becoming a trailblazer in state-level digital asset management with two groundbreaking billsโSB 1373 and SB 1025โthat propose the creation of cryptocurrency reserves, including Bitcoin, stablecoins, and NFTs. SB 1373 seeks to establish a Digital Assets Strategic Reserve Fund managed by the state treasurer, funded through seized digital assets, and permits limited investment and lending of these assets to generate returns. SB 1025 focuses specifically on Bitcoin, authorizing up to 10% of treasury and retirement system funds to be invested in the cryptocurrency.
Both bills have advanced through the Arizona legislature and await final floor votes. However, their enactment faces uncertainty due to Governor Katie Hobbs' pledge to veto all legislation until a separate disability services funding agreement is reached, placing the digital asset initiatives at risk amid a broader political standoff.
If passed, these bills would mark a significant evolution in public finance strategy, signaling Arizonaโs intent to actively participate in the digital asset economy rather than merely regulating it.
