#ArizonaBTCReserve

Arizona legislature pushes for a state bitcoin reserve!!💰💰

The Arizona state legislature approved a pair of bills on Monday that could pave the way for the creation of the country’s first-ever state Bitcoin reserve.

The fate of the bills, which mimic President Donald Trump’s moves on the national level, is now in the hands of Democratic Gov. Katie Hobbs.

The pair of bills, both spearheaded by Republicans and passed largely along partisan lines through the state House and Senate, would allow the state to invest up to 10% of its public funds in digital assets like bitcoin. According to a 2023 audit, Arizona holds more than $30 billion in state-managed assets.