#ArizonaBTCReserve Yesterday was a historic day for bitcoiners: Arizona approved two bills closely linked to the creation of a state reserve of bitcoin and cryptocurrencies. The initiatives SB 1025 and SB 1373 began their legislative journey in January and February, respectively, and gradually advanced until they were close to the desk of Governor Katie Hobbs, who must decide whether these regulations will take effect quickly.

The SB 1025 proposal allows Arizona to invest up to 10% of its public funds in bitcoin. According to official data, the Arizona Treasury manages USD 32 billion in assets since January 2019, and is also responsible for the cash flow of the state budget, which is USD 65 billion. This means that the jurisdiction could invest around USD 3 billion in BTC.