Arizona has passed the Strategic Bitcoin Reserve Act

authorizing the state treasury and pension fund to allocate up to 10% of available funds

into Bitcoin and other digital assets.

If the bill is signed into law, Arizona will become

the first state in the U.S. to legally invest public funds in Bitcoin.

If the Arizona bill goes into effect, it could prompt other states to follow suit

and even influence policies in developing countries.

Arizona's practice will provide a trial sample of

"state-level crypto reserves" for the world.

Success could encourage more countries to embrace digital assets,

while failure could serve as a cautionary tale.