#AbuDhabiStablecoin The Bitcoin reserve bills in Arizona have advanced significantly. The state legislature has approved two bills, SB 1025 and SB 1373, which propose different approaches to establishing a cryptocurrency reserve.

*Key Developments:*

- *SB 1025:* This bill, also known as the Arizona Strategic Bitcoin Reserve Act, allows public funds to invest up to 10% in Bitcoin and other digital assets. It passed the House of Representatives with a vote of 31-25.

- *SB 1373:* This bill establishes a state-level digital asset reserve fund, which would be managed by the state treasurer. It passed the House with a vote of 37-19.

*What's Next:*

Both bills are now awaiting the signature of Governor Katie Hobbs. If signed into law, Arizona would become the first state to establish a Bitcoin reserve, potentially paving the way for other states to follow suit ¹ ².

*Implications:*

Arizona's move to establish a Bitcoin reserve reflects a growing trend of states exploring investments in cryptocurrencies. This development could lead to greater adoption and legitimacy of Bitcoin as an asset class ³.