The Arizona House of Representatives Passes Two Bills Allowing Official Reserves and Investment in BTC
The Arizona legislature has passed a bill allowing investment in Bitcoin, paving the way for the state's digital asset reserve and investment strategy.
According to Odaily Planet Daily, the Arizona House of Representatives has passed two BTC reserve-related bills, SB 1025 and SB 1373, which have been submitted for Governor Katie Hobbs' signature. SB 1373 proposes the establishment of a digital asset strategic reserve fund, managed by the state treasurer, with funding sources including seized assets and legislative appropriations. Up to 10% may be invested in BTC and other digital assets each fiscal year, and borrowing is allowed without increasing risks. SB 1025 permits the state treasury and pension systems to invest up to 10% of available funds in virtual currencies, with a focus on BTC. #币安Alpha上新 $BTC
