#ArizonaBTCReserve
🌟 Arizona moves towards Bitcoin adoption! 🚀
On Monday, the House of Representatives took a significant step by approving two bills that would allow the state to hold Bitcoin in its treasury. 🏦 In an exciting session on April 28, the Senate approved bill 1025 by a margin of 31-25, while SB1373 achieved a vote of 37-19.
The latter aims to establish a state reserve composed of digital assets, with Bitcoin as the main focus. 💻💸 Representative Jeff Weninger mentioned that other states are considering similar initiatives, allowing the treasurer to invest up to 10% in cryptocurrencies.
The signature of Governor Katie Hobbs is still pending, and if she approves it, Arizona would become a pioneer in the U.S. by formalizing a Bitcoin reserve. ✨
