Arizona has become the first U.S. state to pass legislation to create a strategic bitcoin reserve, after the House of Representatives approved two bills on April 28, 2025: SB1025 and SB1373. 
Details of the two bills:
• SB1025: Known as the “Strategic Bitcoin Reserve Act,” it allows the state treasurer to invest up to 10% of state assets, including retirement funds, in bitcoin and other digital currencies.
• SB1373: Establishes the “Strategic Digital Asset Reserve Fund,” which will manage confiscated and purchased digital assets, ensuring transparency through tracking transactions on the blockchain and implementing strict risk management controls.
The value of public assets managed by the state of Arizona is approximately $31.5 billion, meaning that up to $3.14 billion could be invested in digital currencies, according to the new legislation. 
Current status:
Despite both chambers' approval of the legislation, the bills are awaiting the signature of Democratic Governor Katie Hobbs. Previously, Katie threatened to use her veto power against all legislation until an agreement was reached on funding for disability programs. However, after reaching a funding agreement on April 24, Katie has yet to announce her position on the two bitcoin-related bills.
Potential impact:
If the bills are signed, Arizona will be the first U.S. state to hold bitcoin as part of its public financial reserves, which could encourage other states to take similar steps. Notably, states like Texas and New Hampshire are currently considering similar legislation.
Additional notes:
• The SB1025 bill was introduced by Republican Senator Wendy Rogers, known for her strong support of digital currencies. 
• The new legislation includes mechanisms to ensure transparency and risk management, such as tracking transactions on the blockchain and implementing strict controls.
• This move is part of a broader trend in the United States toward adopting digital assets in public financial policies.
For more details, you can follow official updates from the Arizona state government or visit news sites specializing in digital currencies.
