Arizona Passes Landmark Bitcoin Reserve Bills
Arizona Passes Landmark Bitcoin Reserve Bills
馃 Arizona's Wild Bitcoin Move
Arizona's House has approved two groundbreaking cryptocurrency bills that position the state as a leader in digital asset adoption:
- SB 1373 establishes a Digital Asset Reserve Fund
- SB 1025 authorizes pension funds to invest in Bitcoin
- Up to 10% of public funds can now be allocated to Bitcoin investments
These bills mark the first state-level Bitcoin reserve legislation in the United States, potentially setting a precedent for other states to follow.
The legislation aims to integrate digital assets into Arizona's financial strategy while providing a framework for public fund investment in cryptocurrencies.
Big moves in Arizona: the House just passed two Bitcoin reserve bills! SB 1373 sets up a Digital Asset Reserve Fund, while SB 1025 lets pensions invest in BTC. Crypto is becoming part of the state鈥檚 official strategy.
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