#ArizonaBTCReserve Arizona state lawmakers supported a bill to create a strategic reserve in Bitcoin (SBR). The document has already been submitted for signature by Governor Katie Hobbs, reports Bloomberg Government.

The bill allows the state to invest up to 10% of funds from the budget and pension fund in digital assets. The initiators were Senator Wendy Rogers and Representative Jeff Weninger, both members of the Republican Party.

This initiative emerged against the backdrop of a federal decree by Donald Trump, who signed a document in March to create a strategic reserve for the United States using confiscated digital assets. It was announced that part of the confiscated bitcoins would be kept in the state reserve as an insurance asset in case of financial catastrophes.

Attempts to create similar bitcoin funds have been made in other states, including Oklahoma, Montana, Pennsylvania, North and South Dakota, as well as Wyoming. However, in all cases, the legislative initiatives did not pass the vote.