On April 28, an important vote that could be recorded in the history of cryptocurrency development concluded in Arizona, USA—the state legislature passed a groundbreaking measure with nearly bipartisan support: to establish an official strategic Bitcoin (BTC) reserve.
If approved, this will make Arizona the first state in the U.S. and even the world to officially legislate and clearly authorize government departments to hold Bitcoin as a financial asset.
Contents and progress of the bill: Bitcoin officially enters public fund allocation
This bill, proposed by Republican Senator Wendy Rogers (SB1025), grants the state treasury the authority to invest a portion of public funds in Bitcoin.
According to details shared by Dennis Porter, CEO of the Satoshi Action Fund, the entire voting process demonstrated unprecedented cohesion:
House vote: 29 votes in favor, 25 votes against
Senate vote: 31 votes in favor, 25 votes against (with 4 absent)
During the two voting sessions, no lawmakers took leave or abstained, highlighting the urgency and high attention surrounding this issue.
Currently, this bill has been submitted to Governor Katie Hobbs' desk, awaiting her final signature or veto. However, the situation is not clear—Hobbs has previously stated that she will veto all documents delivered before the state budget is finalized. Although she has not commented on bill SB1025, this unified veto strategy casts uncertainty on the fate of the Bitcoin reserve bill.
Supporters' view: Diversification, hedging against inflation, seizing future financial heights
The supporters behind this proposal believe that the inclusion of Bitcoin will greatly enhance the diversity of asset allocation in Arizona and provide effective tools for the state’s finances to resist potential currency devaluation and national debt risks.
Supporters emphasize:
Fixed supply: The total supply of Bitcoin is capped at 21 million, which cannot be artificially increased, making it a rare scarce asset globally;
Decentralized characteristics: Not controlled by any single country or institution, reducing geopolitical risks;
Hedging against inflation: In the context of the continuous expansion of the global fiat currency system, Bitcoin is increasingly viewed as digital gold by many institutions;
Window of financial innovation: By laying out BTC, Arizona is expected to gain an advantage in the future digital economy, attracting innovative companies and capital inflows.
This logic is highly consistent with the global trend of increasing sovereign funds and public companies allocating Bitcoin.
In fact, gaining early insights into how sovereign entities and large funds allocate Bitcoin and capturing the global changes in capital layout is precisely the area where Mlion.ai's institutional holding tracking and macro capital flow monitoring functions excel, providing forward-looking intelligence support to investors in real-time.
Critics worry: volatility and regulatory gray areas
However, there are also many opposing voices that point out:
Severe price volatility: Bitcoin has historically experienced drastic corrections of over 50%, which may expose public assets to risks;
Lack of federal unified regulation: Currently, the United States has not yet introduced a comprehensive regulatory framework for crypto assets, and state governments' direct investment in BTC faces policy and legal uncertainties;
Prudence in the use of public funds: Does investing taxpayer money in high-volatility assets comply with the principles of prudent public finance?
Therefore, while establishing a BTC reserve is full of imaginative potential, it also requires a sound risk control and transparent management system to support it.
How to monitor asset volatility in real time, automatically trigger warnings, and assist in risk control? This is precisely what Mlion.ai can provide to investors and institutions through on-chain volatility monitoring and risk management model modules.
Arizona: A bold pioneer at the forefront of the digital economy
Whether this bill can ultimately succeed under Governor Hobbs remains uncertain—but one thing is clear—Arizona is accelerating its pace in proactively exploring policy innovations in the digital financial field.
The major trend behind this initiative is the growing concern over the risks of traditional asset systems worldwide, as well as the enhanced awareness of crypto assets as a new means of value storage.
Looking ahead, it is not ruled out that more states or even national entities will begin to attempt to incorporate digital assets into official reserve systems.
And whoever can complete this transformation first may gain a leading advantage in the upcoming digital financial new era.
Conclusion: Bitcoin is accelerating its integration into the sovereign system, and investors need to plan ahead.
Arizona's actions are undoubtedly a significant signal: Bitcoin is gradually moving from a grassroots experiment to the realm of sovereign assets.
Regardless of short-term market fluctuations, once this trend is established, the demand curve for Bitcoin may be completely reshaped in the future.
For anyone who takes crypto investment seriously, it is now more necessary than ever:
Deep understanding of policy changes;
Accurately grasp global capital dynamics;
Quickly respond to potential macro-turning points.
Mlion.ai, as an AI-driven crypto research platform, is providing users with comprehensive intelligent support covering policy tracking, monitoring institutional capital movements, market sentiment analysis, asset risk warnings, and more, helping investors make smarter, more forward-looking decisions in this fast-changing era.
A new cycle has quietly begun,
Are you ready to seize the opportunity?
Disclaimer
The above content is for information sharing only and does not constitute any investment advice. The risks of investing in digital assets are extremely high; please carefully assess your own risk tolerance before making decisions.