Arizona has passed the Strategic Bitcoin Reserve Act

which authorizes the state treasury and pension funds to allocate

up to 10% of available funds to 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 test case for

"state-level crypto reserves" globally,

and success could encourage more countries to embrace digital assets.