#AirdropStepByStep Arizona is actively exploring the integration of Bitcoin into its state financial systems, focusing on two primary initiatives:

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🏛️ Legislative Efforts to Incorporate Bitcoin ETFs into State Retirement Portfolios

In early 2024, the Arizona State Senate passed a concurrent resolution encouraging the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to consider including Bitcoin exchange-traded funds (ETFs) in their investment portfolios. The resolution, passed with a 16–13 vote along party lines, urges these retirement systems to monitor developments in Bitcoin ETFs and assess the feasibility, risks, and potential benefits of such investments. It also mandates the submission of a comprehensive report detailing options and recommendations for safely investing in digital asset ETFs to key state officials at least three months before the beginning of the Fifty-Seventh Legislature’s First Regular Session [1] [2] .

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🪙 Proposal to Allocate State Funds into Bitcoin and Digital Assets