#ArizonaBTCReserve Arizona State Senator Wendy Rogers has proposed a bill to establish a state Bitcoin reserve. Here are some key points :

State Bitcoin Reserve: The bill aims to create a state Bitcoin reserve by purchasing 100% of newly mined Bitcoin and potentially acquiring existing Bitcoin.

Arizona's Bitcoin Holdings: If passed, Arizona could become the first state to hold Bitcoin on its balance sheet.

State Budget: The proposal includes allocating $5 million from the state budget to purchase Bitcoin.

Potential Implications:

Diversification: A state Bitcoin reserve could diversify Arizona's assets and potentially generate revenue.

Regulatory Clarity: The bill could provide regulatory clarity for Bitcoin in Arizona.

Current Status:

Bill Progress: The bill is currently under review and discussion in the Arizona state legislature.