Syed_Traders_20
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๐จBreaking News๐จ
The Arizona Strategic Bitcoin Reserve Act (Senate Bill 1025) and its sister bill SB 1373 signify a major step in legislation bringing Bitcoin and other cryptocurrencies into the public financial playbook of Arizona.
๐๏ธ ๐๐ฒ๐ ๐ฃ๐ฟ๐ผ๐๐ถ๐๐ถ๐ผ๐ป๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ถ๐น๐น๐:
โข ๐บ๐ฉ ๐๐๐๐: Empowers the Arizona State Treasurer and public pension funds to invest a maximum of 10% of state-run assets in digital assets, such as Bitcoin. This would potentially be worth more than $3 billion, according to the state's $31.5 billion in assets.
โข ๐บ๐ฉ ๐๐๐๐: Creates a Digital Assets Strategic Reserve Fund to deal with digital assets received as a result of seizures or appropriations by the legislature. The fund has provisions for on-chain auditability and standardized risk controls.
๐งญ ๐๐ฒ๐ด๐ถ๐๐น๐ฎ๐๐ถ๐๐ฒ ๐ฃ๐ฟ๐ผ๐ด๐ฟ๐ฒ๐๐:
The two bills were approved by the Arizona House of Representatives on April 28, 2025, with SB 1025 getting a vote of 31-25 and SB 1373 recording 37-19. Previously, they had passed in the Senate on February 27.
๐๏ธ ๐ช๐ฎ๐ถ๐๐ถ๐ป๐ด ๐ณ๐ผ๐ฟ ๐๐ผ๐๐ฒ๐ฟ๐ป๐ผ๐ฟ'๐ ๐ฆ๐ถ๐ด๐ป๐ฎ๐๐๐ฟ๐ฒ:
The bills are now waiting for the signature of Governor Katie Hobbs. Although she had earlier signalled a veto position on all bills until there is a bipartisan budget deal, a recent bill on disability funding could sway her.
๐ ๐ก๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐๐ผ๐ป๐๐ฒ๐พ๐๐ฒ๐ป๐ฐ๐ฒ๐:
Should it be signed into law, Arizona would become the first American state to officially incorporate Bitcoin in its treasury reserves, and perhaps set a national precedent for other states considering such moves.
#ArizonaBTCReserve
๐๏ธ ๐๐ฒ๐ ๐ฃ๐ฟ๐ผ๐๐ถ๐๐ถ๐ผ๐ป๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ถ๐น๐น๐:
โข ๐บ๐ฉ ๐๐๐๐: Empowers the Arizona State Treasurer and public pension funds to invest a maximum of 10% of state-run assets in digital assets, such as Bitcoin. This would potentially be worth more than $3 billion, according to the state's $31.5 billion in assets.
โข ๐บ๐ฉ ๐๐๐๐: Creates a Digital Assets Strategic Reserve Fund to deal with digital assets received as a result of seizures or appropriations by the legislature. The fund has provisions for on-chain auditability and standardized risk controls.
๐งญ ๐๐ฒ๐ด๐ถ๐๐น๐ฎ๐๐ถ๐๐ฒ ๐ฃ๐ฟ๐ผ๐ด๐ฟ๐ฒ๐๐:
The two bills were approved by the Arizona House of Representatives on April 28, 2025, with SB 1025 getting a vote of 31-25 and SB 1373 recording 37-19. Previously, they had passed in the Senate on February 27.
๐๏ธ ๐ช๐ฎ๐ถ๐๐ถ๐ป๐ด ๐ณ๐ผ๐ฟ ๐๐ผ๐๐ฒ๐ฟ๐ป๐ผ๐ฟ'๐ ๐ฆ๐ถ๐ด๐ป๐ฎ๐๐๐ฟ๐ฒ:
The bills are now waiting for the signature of Governor Katie Hobbs. Although she had earlier signalled a veto position on all bills until there is a bipartisan budget deal, a recent bill on disability funding could sway her.
๐ ๐ก๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐๐ผ๐ป๐๐ฒ๐พ๐๐ฒ๐ป๐ฐ๐ฒ๐:
Should it be signed into law, Arizona would become the first American state to officially incorporate Bitcoin in its treasury reserves, and perhaps set a national precedent for other states considering such moves.
#ArizonaBTCReserve
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