Progress of Bitcoin State Strategic Reserves in the U.S.: Arizona Leads the Way!

Arizona: The bill (SB1373) is currently making the fastest progress, having passed the final committee vote and awaiting the governor's signature. If the governor signs within 5 working days, Arizona will become the first state in the U.S. to officially establish a state-level Bitcoin strategic reserve.

Texas: Progress is also rapid, with a high predicted passage rate!

The bill proposed by Representative Giovanni Capriglione has been listed as an 'Intent Notification,' which usually indicates a higher likelihood of passage.

The bill allows for the acceptance of Bitcoin for taxes, fees, and donations, aimed at combating inflation and promoting cryptocurrency adoption. The final passage status has not yet been confirmed.

Overall: At least 20 states are still considering similar bills, but specific progress has not been made public.

Bills in 6 states have been rejected (including Oklahoma).

A raging bull market is on the way!