Arizona recently passed two bills, SB1025 and SB1373, aiming to integrate Bitcoin into its finances. SB1025 allows the state treasurer and retirement systems to invest up to 10% in digital assets, primarily Bitcoin. SB1373 establishes a "Digital Assets Strategic Reserve Fund" using seized crypto and future funds. This aims to position Arizona as a blockchain innovation leader and diversify investments. The state treasurer will manage these assets, potentially storing them securely, even in a future federal reserve. If signed by the governor, Arizona would be the first state to allocate public funds to Bitcoin.
