#ArizonaBTCReserve Arizona's Bitcoin reserve bills have made significant progress. The state legislature has passed two bills, SB 1025 and SB 1373, which propose different approaches to establishing a cryptocurrency reserve.

*Key Developments:*

- *SB 1025:* This bill, also known as the Arizona Strategic Bitcoin Reserve Act, allows public funds to invest up to 10% in Bitcoin and other digital assets. It passed the House of Representatives with a 31-25 vote.

- *SB 1373:* This bill establishes a state-level digital assets reserve fund, which would be managed by the state treasurer. It passed the House with a 37-19 vote.

*What's Next:*

Both bills now await signature from Governor Katie Hobbs. If signed into law, Arizona would become the first state to establish a Bitcoin reserve, potentially paving the way for other states to follow suit ¹ ².

*Implications:*

Arizona's move to establish a Bitcoin reserve reflects a growing trend of states exploring cryptocurrency investments. This development could lead to increased adoption and legitimacy of Bitcoin as an asset class ³.