Arizona has passed the Strategic Bitcoin Reserve Act, authorizing the state Treasury and pension funds to allocate up to 10% of available funds into Bitcoin and other digital assets. If signed into law, Arizona would become the first U.S. state to legally invest public funds into Bitcoin.
When other US states follow suit and introduce Bitcoin reserves, mass adoption of cryptocurrencies could follow in the US and worldwide as a ripple effect. The trust levels for crypto investments are increasing slowly.
