Summary: The state of Arizona is all set to delve deep into the crypto-powered future! The Arizona Senate Finance Committee, in a vote of 5-2, gives its nod to the “Arizona Strategic Bitcoin Reserve Act” or SB1025. When fully passed, this position is going to enable Arizona to invest up to 10% of its public funds in Bitcoin and other digital assets, making it the first US. state to integrate Bitcoin into its financial strategy.
Arizona just made a bold move in the crypto space. The Senate Finance Committee has passed SB1025, nicknamed the “Arizona Strategic Bitcoin Reserve Act.” This bill, co-sponsored by Senator Wendy Rogers and Representative Jeff Weninger, aims to let the state allocate up to 10% of its public funds—including treasury and retirement reserves—into Bitcoin.
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Next, the bill will go before the Senate Rules Committee where it will be perfected, then head to the full Senate. Then, off it goes to the Arizona House of Representatives for further debate and possible approval.
When signed into law, Arizona would officially be the first US state to bring Bitcoin into its financial system. It would provide for the basic storage of the cryptocurrency so everything remains tight and responsible.
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Dennis Porter, CEO of the Satoshi Action Fund, says Arizona’s move isn’t isolated—eleven other states are exploring similar ideas. This aligns with the federal government’s recent crypto-friendly policies, including the Senate’s confirmation of Bitcoin supporter Scott Bessent as Treasury Secretary. Arizona seems ready to lead the charge in blending crypto and state finance!