Arizona House Passes Bills Enabling State Bitcoin Treasury
Arizona House Passes Bills Enabling State Bitcoin Treasury
🏛️ Arizona's Bitcoin Plot Twist
The Arizona House has approved two groundbreaking bills that could make it the first US state to hold Bitcoin in its treasury.
Key developments:
- SB 1025 and SB 1373 passed through state legislature
- Bills allow up to 10% of public funds to be invested in Bitcoin
- Framework established for statewide digital asset reserve
This legislative move signals growing regulatory acceptance of cryptocurrencies at the state level. The bills create a framework for Arizona to establish a statewide digital asset reserve, potentially setting a precedent for other states.
Read the full analysis: Bitfinex Alpha Report
Arizona could become the first US state to hold Bitcoin in its treasury! As the Arizona House passes two significant bills allowing up to 10% investment in crypto, regulatory momentum is building. Implications for crypto markets in our latest report 👇 blog.bitfinex.com/bitfinex-alpha…
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