Will Arizona become the first state to join the federal government in planning to create a Bitcoin reserve?#ArizonaBTCReserve

It's unclear whether Democratic Governor Katie Hobbs will look favorably on legislation that has been rejected by most Democratic lawmakers. She has vetoed a long list of bills this session, and if she vetoes this one as well, the case will be closed for the year.

If approved, Arizona's inclusion of digital assets in its public-fund investments could even trump efforts by the U.S. Treasury, which is still waiting for a full accounting of U.S. holdings before federal officials can move to build the reserve called for by President Donald Trump.

With the Arizona House passing the cryptocurrency reserve effort in a 31-25 vote on Monday—three Democrats voted in favor—the state leapfrogged other states that had been considering similar measures, including New Hampshire, where a bill passed the House$BTC