Arizona Embraces Bitcoin Reserve: A Historic Step Toward Digital Finance
In a groundbreaking move, the state of Arizona has passed the Strategic Bitcoin Reserve Act, allowing the state Treasury and pension funds to invest up to 10% of their available funds in Bitcoin and other digital assets. If officially signed into law, Arizona will become the first U.S. state to legally allocate public funds into cryptocurrency.
This decision is aimed at increasing the resilience and sustainability of public investments amid economic uncertainty. It also reflects a growing shift toward the adoption of digital assets within official financial policies. Experts believe this bold step could inspire other states to follow suit, potentially triggering a wave of institutional adoption of cryptocurrencies across the country.
