Arizona has passed the "Strategic Bitcoin Reserve Act"

authorizing 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 takes effect, it may prompt other states to follow suit

even influencing policies in developing countries.

Arizona's practice will provide a trial sample of "state-level crypto reserves"

which, if successful, could encourage more countries to embrace digital assets.