{"id":18965,"date":"2025-03-25T13:01:46","date_gmt":"2025-03-25T13:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=18965"},"modified":"2025-03-25T13:01:46","modified_gmt":"2025-03-25T13:01:46","slug":"arizona-takes-lead-in-race-for-strategic-bitcoin-reserve-among-us-states","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=18965","title":{"rendered":"Arizona Takes Lead In Race For Strategic Bitcoin Reserve Among US States"},"content":{"rendered":"
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Two Strategic Bitcoin Reserve (SBR) bills cleared the Arizona House Rules Committee on March 24, positioning the state at the forefront of efforts to establish government-held BTC reserves. Both measures\u2014Senate Bill 1373 (SB 1373) and the Arizona Strategic Bitcoin Reserve Act (SB 1025)\u2014will now move to the floor of the state\u2019s House of Representatives for a full vote.<\/p>\n

In a post<\/a> on X, the watchdog account Bitcoin Laws (@Bitcoin_Laws) confirmed that the House Rules Committee approved the bills. According to the update: \u201cArizona\u2019s House Rules Committee passed both SBR bills (SB1373 and SB1025), ruling them \u201cconstitutional and in proper form.\u201d The bills have now passed their assigned committees, meaning they should be headed for a full floor vote.\u201d<\/p>\n

However, Gov. Katie Hobbs (D) could be a huge last hurdle for the SBR in Arizona. \u201cGov. Katie Hobbs has a notorious reputation for vetoing Republican legislation. Hobbs vetoed ~22% of all bills in 2024. The highest rate in the nation,\u201d Bitcoin Laws writes via X.<\/p>\n

The Republican majority in the 60-seat Arizona House stands at 33 members to the Democrats\u2019 27. Nonetheless, Governor Katie Hobbs\u2019 established habit of vetoing bills\u201473 out of 330 in 2024\u2014has fueled speculation that she may block the legislation, should it pass both legislative chambers.<\/p>\n

SB 1373 (Strategic Digital Assets Reserve Bill) proposes the establishment<\/a> of a strategic digital assets reserve primarily funded by digital assets seized through criminal proceedings. The state treasurer would oversee the fund, investing no more than 10% of its total value each fiscal year. Additionally, the treasurer could authorize loans of these assets to boost returns, provided it does not raise overall financial risk.<\/p>\n

SB 1025 (Arizona Strategic Bitcoin Reserve Act) focuses on BTC investments. The bill would empower the Arizona Treasury and the state\u2019s retirement system to invest up to 10% of available funds in BTC. It also makes provisions for storing these Bitcoin holdings in a \u201csecure, segregated account\u201d within a federal reserve, if such a facility is ever established.<\/p>\n

The Strategic Bitcoin Reserve Bill Race<\/h2>\n

With both bills advancing through committee, Arizona has taken the lead in what many are calling a nationwide race among states to incorporate BTC into their strategic reserve portfolios.<\/p>\n

The momentum is not confined to Arizona. Other states are also actively pursuing SBR legislation: Also on March 24, the Oklahoma House of Representatives voted 77\u201315 in favor of HB 1203. \u201cBig Oklahoma update: Bitcoin Reserve Bill HB1203 passes the House, 77-15. OK\u2019s bill now moves into equal second place in the State Reserve Race with Texas\u2019 SB21. Arizona remains in the lead,\u201d Bitcoin Laws noted<\/a>. The measure will now head to the state Senate.<\/p>\n

Earlier this month, the Texas Senate approved<\/a> SB 21 (Strategic Bitcoin Reserve Bill) by a 25\u20135 vote, sending it to the state\u2019s House. Soon after, Democratic Representative Ron Reynolds introduced a new bill to cap the previously unlimited reserve at $250 million, injecting fresh debate into the legislation.<\/p>\n

Utah has similarly passed<\/a> SBR legislation through one legislative chamber, making it part of the small cohort of states that are close to the finish line. \u201cOklahoma joins Texas, Arizona, and Utah as the only states legislatures to pass Bitcoin Reserve legislation through one chamber,\u201d Bitcoin Laws stated and added \u201cArizona remains in the lead.\u201d<\/p>\n

At press time, BTC traded at $86,452.<\/p>\n

\"Bitcoin<\/div>\n","protected":false},"excerpt":{"rendered":"

Two Strategic Bitcoin Reserve (SBR) bills cleared the Arizona House Rules Committee on March 24, positioning the state at the forefront of efforts to establish government-held BTC reserves. Both measures\u2014Senate Bill 1373 (SB 1373) and the Arizona Strategic Bitcoin Reserve Act (SB 1025)\u2014will now move to the floor of the state\u2019s House of Representatives for […]<\/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-18965","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\/18965","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=18965"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/18965\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}