Arizona lawmakers have passed the Strategic Bitcoin Reserve Act (S.B. 1025) with a 31-25 vote, enabling the state treasurer and retirement system to invest up to 10% of available funds in Bitcoin. This legislation marks a pioneering effort to incorporate cryptocurrency into public financial management. The bill now awaits approval from Governor Katie Hobbs, who has recently delayed several bills pending disability funding legislation. If signed into law, Arizona would become the first U.S. state to officially adopt Bitcoin within its financial operations. Similar legislative efforts are taking place in other states like Texas, Kentucky, and Missouri, positioning Arizona as a leader in public crypto adoption.
Continue to read Arizona Advances Historic Bitcoin Reserve Legislation, Awaiting Governor's Decision
Arizona lawmakers have passed the Strategic Bitcoin Reserve Act (S.B. 1025) with a 31-25 vote, enabling the state treasurer and retirement system to invest up to 10% of available funds in Bitcoin. This legislation marks a pioneering effort to incorporate cryptocurrency into public financial management. The bill now awaits approval from Governor Katie Hobbs, who has recently delayed several bills pending disability funding legislation. If signed into law, Arizona would become the first U.S. state to officially adopt Bitcoin within its financial operations. Similar legislative efforts are taking place in other states like Texas, Kentucky, and Missouri, positioning Arizona as a leader in public crypto adoption.
Continue to read Arizona Advances Historic Bitcoin Reserve Legislation, Awaiting Governor's Decision
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