The Arizona House of Representatives passed two bills that could allow the state to build reserves with bitcoin or other cryptocurrencies. In the third reading of Senate Bill 1025 (SB1025) on April 28, 31 members voted in favor and 25 members opposed. Another similar bill, SB1373, passed by 37 votes in favor and 19 votes against. These approvals bring these bills closer to being signed into law than similar initiatives in any other state in the United States. Meanwhile, President Trump has signed an executive order in March proposing to establish a “strategic Bitcoin reserve” and “digital asset reserve.”
Arizona House of Representatives passes Bitcoin Reserves Act to advance the establishment of cryptocurrency reserves
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