{"id":15473,"date":"2025-02-28T09:46:55","date_gmt":"2025-02-28T09:46:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=15473"},"modified":"2025-02-28T09:46:55","modified_gmt":"2025-02-28T09:46:55","slug":"arizona-senate-advances-bitcoin-reserve-bill-trails-utah-in-crypto-legislation-race","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=15473","title":{"rendered":"Arizona Senate Advances Bitcoin Reserve Bill, Trails Utah In Crypto Legislation Race"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Arizona\u2019s Senate has taken a significant step toward adopting Bitcoin as part of its financial strategy, passing the <a href=\"https:\/\/apps.azleg.gov\/BillStatus\/BillOverview\/82770\" target=\"_blank\" rel=\"nofollow\">Strategic Digital Assets Reserve bill (SB 1373)<\/a> on February 27. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">With a vote of 17-12, the bill <\/span><span data-preserver-spaces=\"true\">now<\/span><span data-preserver-spaces=\"true\"> moves to the state\u2019s House for further consideration. The development places Arizona behind Utah in the race to become the first U.S. state to approve a crypto investment bill.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The legislation, sponsored by Republican Senator Mark Finchem, proposes the creation of a Digital Assets Strategic Reserve Fund, which would be managed by the state treasurer.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Arizona\u2019s Bitcoin Reserve Fund to Include Seized Crypto and Appropriated Funds<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The fund would consist of <\/span><span data-preserver-spaces=\"true\">both<\/span><span data-preserver-spaces=\"true\"> appropriated funds and cryptocurrency seized by the state. The bill limits digital asset investments to 10% of total fund deposits per fiscal year, and the treasurer is permitted to loan digital assets to generate returns, provided it does not increase financial risk to the state.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Alongside SB 1373, another bill\u2014the Strategic Bitcoin Reserve Act (SB 1025)\u2014<\/span><span data-preserver-spaces=\"true\">also<\/span><span data-preserver-spaces=\"true\"> cleared the Senate on February 27 with a 17-11 vote. Co-sponsored by Republican Senator Wendy Rogers and Representative Jeff Weninger, SB 1025 focuses on expanding public investment authority to include Bitcoin and other digital assets.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The two bills take different approaches: while Finchem\u2019s bill (SB 1373) establishes a designated reserve fund for crypto investments, Rogers and Weninger\u2019s bill (SB 1025) aims to allow broader public investment in digital assets.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">ARIZONA Update:<\/p>\n<p>Bitcoin Reserve Bill SB 1373 has passed the Senate third reading, by a vote of 17-12.<\/p>\n<p>Now moves to the House. AZ moves up to second place in the Reserve Race. <a href=\"https:\/\/t.co\/yTOPwW05GW\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/yTOPwW05GW<\/a><\/p>\n<p>\u2014 Bitcoin Laws (@Bitcoin_Laws) <a href=\"https:\/\/twitter.com\/Bitcoin_Laws\/status\/1895286841206874439?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">February 28, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Arizona is among 18 U.S. states currently considering Bitcoin reserve bills, but only Arizona and Utah are in the final stages of legislative approval. Meanwhile, similar proposals have <\/span><span data-preserver-spaces=\"true\">been rejected<\/span><span data-preserver-spaces=\"true\"> in Montana, Wyoming, North Dakota, South Dakota, and Pennsylvania.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The growing interest in state-backed Bitcoin reserves <\/span><span data-preserver-spaces=\"true\">has <\/span><span data-preserver-spaces=\"true\">been fueled<\/span><span data-preserver-spaces=\"true\"> by President Donald Trump\u2019s pro-crypto stance<\/span><span data-preserver-spaces=\"true\">, which has encouraged lawmakers to explore digital asset strategies.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, Bitcoin\u2019s recent 17% decline over the past week, driven by economic uncertainty and Trump\u2019s proposed tariffs, has raised questions about short-term market stability.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">University Of Austin To Launch $5M Bitcoin Fund<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The University of Austin is\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/news\/university-of-austin-to-launch-5m-bitcoin-fund-as-part-of-200m-endowment\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">launching a $5 million<\/span><\/a><span data-preserver-spaces=\"true\"> Bitcoin fund as part of its $200 million endowment.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Notably, the precedent is set by Emory University. In a regulatory filing last October, it was disclosed that over $15 million in Bitcoin was invested\u00a0through Grayscale\u2019s spot Bitcoin exchange-traded fund (ETF).<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Beyond university endowments, cryptocurrency is gaining traction in the retirement sector as well. A recent\u00a0<\/span><em><span data-preserver-spaces=\"true\">Bitget Research<\/span><\/em><span data-preserver-spaces=\"true\">\u00a0report revealed that up to 20% of Generation Z and Generation Alpha are open to receiving pensions in cryptocurrency.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Arizona\u2019s Senate has passed the Strategic Digital Assets Reserve bill (SB 1373).<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Arizona and Utah are leading the race among 18 U.S. states considering Bitcoin reserve bills.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">The push for Bitcoin reserves is fueled by President Trump\u2019s pro-crypto stance, but Bitcoin\u2019s recent 17% decline has raised concerns about market stability.<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/arizona-senate-advances-bitcoin-reserve-bill-trails-utah-in-crypto-legislation-race\/\">Arizona Senate Advances Bitcoin Reserve Bill, Trails Utah In Crypto Legislation Race<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Arizona\u2019s Senate has taken a significant step toward adopting Bitcoin as part of its financial strategy, passing the Strategic Digital Assets Reserve bill (SB 1373) on February 27. With a vote of 17-12, the bill now moves to the state\u2019s House for further consideration. The development places Arizona behind Utah in the race to become [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-15473","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15473"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/15473\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}