#ArizonaBTCReserve

Arizona Paves the Way for the First State-Backed Bitcoin Reserve in the U.S

1. Legislative Initiative:

Arizona lawmakers passed two major bills focused on creating a Bitcoin and digital asset reserve for the state.

2. SB 1025 โ€“ Arizona Strategic Bitcoin Reserve Act:

Allows investment of up to 10% of state public funds in Bitcoin.

Applies to the Arizona State Treasurer and public retirement systems.

3. SB 1373 โ€“ Strategic Digital Assets Reserve Bill:

Establishes a reserve fund of digital assets, including cryptocurrencies.

Assets can include those seized through criminal cases.

4. Current Status:

Both bills have passed the state legislature.

Awaiting the governorโ€™s signature to become law.

5. Historical Significance:

If enacted, Arizona would be the first U.S. state to hold a government-backed Bitcoin reserve.

6. Market Context:

Bitcoin has seen mild positive change in its market price, with an intraday high and low within a certain range.

7. Broader Trend:

Reflects a growing movement among U.S. states toward crypto integration in public finance.

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