Arizona's Bitcoin Reserve Bills Near Final Approval

Arizona is on the cusp of a significant milestone in cryptocurrency adoption, with two Bitcoin reserve bills awaiting a final vote in the state legislature. If passed, these bills would make Arizona one of the first states to establish a strategic Bitcoin reserve, positioning itself as a leader in blockchain innovation.

*Key Provisions of the Bills:*

- *State-Managed Cryptocurrency Reserve*: The bills propose creating a state-managed cryptocurrency reserve, including Bitcoin, stablecoins, and NFTs.

- *Investment Limits*: Annual digital asset investments would be capped at 10% of the state treasury, with funds routed through qualified crypto custodians.

- *Potential Veto*: Despite bipartisan support, Governor Katie Hobbs has threatened to veto the legislation due to unrelated budget disputes.

The outcome of the vote could set a precedent for other states to explore similar blockchain initiatives. #Arizona #BitcoinReserve #BlockchainInnovation