Arizona has passed the "Strategic Bitcoin Reserve Act"

Authorizing the state treasury and retirement funds to allocate up to 10% of available funds

To be invested in 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 may 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"

Success could encourage more countries to embrace digital assets

Failure could serve as a warning case.