ARIZONA'S HISTORICAL STEP: FIRST BITCOIN RESERVE LAW
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Arizona has taken a significant step towards becoming the first U.S. state to support Bitcoin and other digital assets with public funds. Senate Bill 1025 and SB1373 were approved by the Arizona House with votes of 31-25 and 37-19, respectively. These laws ensure that 10% of state public funds (approximately $3.14 billion) can be invested in digital assets like Bitcoin and NFTs. Additionally, a Digital Assets Strategic Reserve Fund will be established to hold seized crypto assets (Bitcoinist, 2025).
The laws are awaiting Governor Katie Hobbs' signature; however, Hobbs' threat to veto due to budget disagreements casts uncertainty on the future of the law (Cryptoslate, 2025). Arizona's move aligns with similar strategies in other states like Texas, Florida, and New Hampshire, aiming to promote blockchain innovation and portfolio diversification (FXStreet, 2025).
Approximately 30 states are evaluating similar Bitcoin reserve laws. Arizona's total public assets exceed $31.4 billion, which could make it a significant institutional Bitcoin investor.
Outcome: Arizona's Bitcoin reserve law could be a historic turning point for the legitimization of cryptocurrencies in public financing.
