Arizona Moving To Convert Up to 10% Of Its Treasury To Bitcoin: Legislature Clears Bills Paving Way For Strategic Crypto Reserve
Posted On April 29, 2025
The Arizona House of Representatives greenlit two bills on Monday that could establish a Bitcoin (CRYPTO: BTC) or other cryptocurrency reserves in the state.
What Happened: Senate Bill 1025, called the Arizona Strategic Bitcoin Reserve Act, secured 31 votes in favor and 25 against. The legislation proposed allocating up to 10% of the state treasury and retirement system funds to be allocated in digital currencies, especially Bitcoin.
Additionally, SB1373, which proposes the establishment of a state-level digital assets reserve, was passed with 37 votes in favor and 19 …
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