#ArizonaBTCReserve The Arizona House of Representatives has approved two bills proposing different methods states could use to create cryptocurrency reserves.

Arizona House lawmakers have passed two bills that would allow states to adopt reserves using Bitcoin

In third reading on April 28 of Senate Bill 1025 (SB1025), a proposal to change Arizona law to allow for a strategic BTC reserve, 31 Arizona House members voted in favor of the bill, with 25 against. A similar bill, SB1373, to establish a statewide digital asset reserve, passed with 37 lawmakers in favor and 19 against.

“This bill essentially takes an approach that maybe 15 other states are considering similar legislation nationwide that would allow state treasurers to invest up to 10%, probably primarily in Bitcoin but also in other things,” State Representative Jeff Weninger said on SB1025.