The "Arizona Bitcoin Reserve Act" has been passed by the legislature, making it the first state in the U.S. to establish a Bitcoin reserve.

2025-04-28 23:51:44

On April 29, TheBlock reported that the Arizona Strategic Bitcoin Reserve Act successfully passed the final vote in the House and is awaiting the signature of Democratic Governor Katie Hobbs. Arizona will become the first state in the U.S. to require public funds to invest in Bitcoin. The bill allows the state treasurer and retirement system to invest up to 10% of available funds in digital assets (particularly Bitcoin). The summary of the bill states, “This bill represents an emerging practice of the state government incorporating Crypto Assets into public financial management, reflecting the increasing mainstream recognition of digital assets.” The bill’s co-sponsors are all Republicans: Senator Wendy Rogers and Representative Jeff Weninger. Currently, several states, including Iowa, Missouri, and Texas, are considering whether to establish a strategic Bitcoin reserve. At the federal level, Trump signed an executive order in March requiring the establishment of a strategic Bitcoin reserve and inventory of digital assets.

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