#ArizonaBTCReserve BTC NEWS🚀🚀

Arizona took one step closer to holding Bitcoin in its treasury on Monday after the House of Representatives approved two separate bills that would allow the state to adopt a BTC reserve.

In a third reading on April 28, Arizona's Senate Bill 1025 Bitcoin passed with a vote of 31-25. Another bill, SB1373, passed with a vote of 37-19. This bill aims to establish a state-level reserve consisting of various digital assets.

This bill essentially adopts the approach that probably 15 other states are considering... that allows the treasurer to invest up to 10% in, probably mainly Bitcoin but other things as well," said Republican Representative Jeff Weninger.

I think this would likely start as a 'may' in the foreseeable future," he added, indicating that it is very likely that a BTC reserve will come to fruition as the demand for Bitcoin holdings grows.

However, the bill still needs to be signed by Governor Katie Hobbs. Once it passes her desk, Arizona would become the first U.S. state to write a Bitcoin reserve into law, advancing ahead of a handful of states that have debated similar ideas lately.