#ArizonaBTCReserve
Arizona Legislature Approves Bitcoin Reserve Bills, Approaching Cryptocurrency Stockpile
The Arizona House of Representatives approved two bills proposing different methods the state could use to establish a cryptocurrency reserve.

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Lawmakers in the Arizona House of Representatives approved two bills that may allow the state to adopt a reserve using Bitcoin
BTC
R$ 537,049
or other cryptocurrencies.
In a third reading on April 28, Senate Bill 1025 (SB1025), which proposes to amend Arizona statutes to allow a strategic reserve of BTC, was approved by 31 votes in favor and 25 against. A similar bill, SB1373, to establish a state reserve of digital assets, passed with 37 favorable votes and 19 against.
“This bill basically adopts the approach that probably another 15 states are considering, allowing the treasurer to invest up to 10% in, likely, primarily Bitcoin, but also in other assets,” stated State Representative Jeff Weninger regarding SB1025.
“I believe that, initially, this would be an option, but as things continue to trend towards Bitcoin and similar assets, we would already have this prepared for the future.”
Vote on SB1025 in the Arizona House of Representatives on April 28. Source: Arizona State Legislature
The approvals bring the bills closer than any other state-level initiative in the U.S. to turning into law a strategic reserve of Bitcoin or crypto assets. Similar legislation proposed in New Hampshire was approved by the state House and is expected to soon go for a vote in the Senate.
