#ArizonaBTCReserve #ArizonaBTCReserve

Arizona's effort to become a pioneer

If SB1025 becomes law, Arizona would become the first state in the U.S. to officially allow public funds to be invested in Bitcoin. This could set an important precedent for other states considering similar measures. The approval of the bill by the Arizona Senate Finance Committee comes after a previous attempt by Wendy Rogers in 2022 to legalize Bitcoin, which ultimately failed.

Despite the promising vote, the bill still faces several hurdles before becoming law. After its approval by the Senate Finance Committee, it will move to the Senate Rules Committee, where it will undergo further review. If the committee approves it, it will be presented to the full Arizona State Senate for a vote, and if approved, it will move to the House of Representatives for final approval.