Arizona has taken significant steps toward creating a state-run Bitcoin reserve, as two key legislative bills, SB 1025 (Arizona Strategic Bitcoin Reserve Act) and SB 1373 (Strategic Digital Asset Reserve Act), advance through the legislative process. Here’s a brief overview based on the latest developments: Bill SB 1025: This law, co-sponsored by Senator Wendy Rogers and Representative Jeff Weninger, allows the state treasury and retirement systems to invest up to 10% of public funds in Bitcoin and other virtual currencies. It also includes provisions for secure storage, such as separate accounts within a potential federal strategic Bitcoin reserve if established. The Arizona State Senate passed the bill on February 27, 2025, by a vote of 17 to 11, and it was also approved by the full House committee on April 1, 2025. It is awaiting a final vote in the House. Bill SB 1373: Sponsored by Senator Mark Finchem, this law establishes a strategic reserve fund for digital assets, consisting of digital assets seized through criminal proceedings and funds allocated to the state. The state treasurer may invest up to 10% of the fund annually and may lend the assets to achieve liquidation.