Arizona Senate Advances Bitcoin Reserve Investment Bill

• Arizona Senate advances SB1025, allowing 10% of public funds to be invested in Bitcoin.
• The bill moves to the Senate Rules Committee before a full Senate vote for approval.
• Arizona could become the first U.S. state to hold Bitcoin as a strategic reserve.

Arizona lawmakers have taken a major step toward integrating Bitcoin into state financial strategies. The Arizona Strategic Bitcoin Reserve Act (SB1025) received full approval from a 5-2 vote at the Senate Financial Committee meeting. Senators Wendy Rogers and Jeff Weninger work as co-sponsors to the bill, which enables Arizona to place up to 10% of public money into Bitcoin along with other digital currency assets. The implementation of the Arizona Strategic Bitcoin Reserve Act will make it the first state in America to create a Bitcoin reserve.

The bill also proposes a provision for securely storing digital asset holdings in a segregated account. This account could be part of a potential federal Strategic Bitcoin Reserve, should the U.S. Treasury Secretary establish one. This move aligns with broader discussions about state-level Bitcoin adoption and strategic digital asset reserves.

When the Finance Committee approves the bill, it advances to the Senate Rules Committee to receive debate guidelines and review proposed modifications. Following Senate approval of the passed bill, Arizona Senate Advances Bitcoin Reserve Investment Bill
it will be sent to the House of Representatives for additional examination.

Arizona is not alone in considering Bitcoin investment policies. According to Dennis Porter, CEO of Satoshi Action Fund, at least eleven U.S. states have introduced similar bills. Porter stated that 15 or more states may soon introduce Bitcoin reserve proposals, reflecting the growing interest in using Bitcoin as a financial asset at the state level.

Related: Bitcoin is Not a Threat to the US Dollar: Goldman Sachs CEO

The approval of Scott Bessent as the new U.S. Treasury Secretary may also influence Bitcoin adoption policies. Bessent, a supporter of President Trump’s economic policies, is known for his opposition to a central bank digital currency (CBDC). His stance on Bitcoin-friendly policies and state-level financial autonomy could further encourage states like Arizona to pursue digital asset reserves.

If passed into law, SB1025 would mark a historic milestone, making Arizona the first state to officially allocate public funds to Bitcoin. The outcome of this legislative process will be closely watched by both state policymakers and cryptocurrency advocates nationwide.

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