#ArizonaBTCReserve Arizona is making significant strides in embracing Bitcoin, with lawmakers passing two bills that could allow the state to establish a cryptocurrency reserve. Here's what's happening ¹ ²:
- *Bill Details*: The bills, Senate Bill 1025 and Senate Bill 1373, would enable Arizona's treasurer to invest up to 10% of the state's $31.5 billion in public funds in digital assets, including Bitcoin and NFTs.
- *Strategic Reserve Fund*: The legislation establishes a Digital Assets Strategic Reserve Fund to hold seized crypto assets and future appropriations, with mandates for on-chain auditability and standardized risk controls.
- *Potential Investment*: If enacted, Arizona could invest up to $3.14 billion in digital assets, potentially acquiring around 31,000 BTC and becoming the second-largest institutional Bitcoin holder in the US.
- *Governor's Decision*: The bills now await