#ArizonaBTCReserve

Arizona's Bitcoin reserve bill is nearing final approval after passing the House committee. If signed into law, it would make Arizona the first state to hold Bitcoin in its public funds, with the state treasurer authorized to invest up to 10% of the fund's balance in digital assets annually.

*Key Provisions:*

- *Digital Assets Strategic Reserve Fund*: Holds cryptocurrency assets seized during criminal proceedings and monetary resources appropriated by the state legislature.

- *Investment Authority*: The state treasurer can invest up to 10% of the fund's balance in digital assets and lend out fund assets to generate returns.

- *Potential Impact*: Positions Arizona as a leader in cryptocurrency adoption, potentially influencing other states to integrate digital assets into their financial reserves.

*Current Status:*

- The bill has passed the Senate and is heading for a final House vote before being sent to Governor Katie Hobbs for approval.

- Governor Hobbs has expressed concerns and may veto the bill unless disability funding issues are addressed.