Arizona House approves Senate Bills 1025 and 1373 to establish a Bitcoin reserve and digital asset fund.
Governor Katie Hobbs’ ongoing veto campaign threatens the future of Arizona’s Bitcoin reserve proposals.
Bitcoin reserve supporters argue the move could help diversify state assets and hedge against inflation.
Arizona’s push to integrate Bitcoin into its treasury advanced on Monday, as the state’s House of Representatives passed two major pieces of legislation to establish a digital asset reserve. Both measures have been moved to Governor Katie Hobbs for consideration, but their future remains uncertain due to an ongoing budget standoff.
NEW: Arizona becomes the first U.S. state to pass a $BTC reserve bill that allows for up to 10% of public funds to be invested in virtual currencies like Bitcoin.
The bill will still need to pass Democratic Governor Katie Hobbs’ desk in order to be signed into law. https://t.co/8lAJ1V9pop
— Eleanor Terrett (@EleanorTerrett) April 28, 2025
Arizona House Passes Bitcoin Reserve Bill and Seizure Fund Proposal
On April 28, in a third House reading, lawmakers passed Senate Bill 1025 — known as Arizona’s Bitco…
The post Arizona Lawmakers Pass Bitcoin Treasury Bills as Budget Deadlock Threatens Veto appeared first on Coin Edition.
