#ArizonaBTCReserve Two bills that could allow the state to adopt a reserve using Bitcoin or other cryptocurrencies.

Bitcoin

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In a third reading held on April 28, a proposal for Senate Bill No. 1025 (SB1025), which aims to amend Arizona state laws to allow the establishment of a strategic reserve of Bitcoin, was voted on by 31 members of the House in favor of the bill, while 25 members opposed it. A similar bill, SB1373, was also passed to create a reserve for digital assets at the state level, with 37 members in favor and 19 members against.

State Representative Jeff Weninger stated regarding Bill SB1025: "This law essentially adopts the approach that about 15 other states are considering in similar legislation nationwide that allows the treasurer to invest up to 10%, probably primarily in Bitcoin but in other things as well."

"I think this is likely to start as a 'maybe' in the foreseeable future, but as things continue to shift towards Bitcoin and these things, it will already be there in the future."