Arizona lawmakers have passed two bills that could position the state as a leader in government cryptocurrency investing, pending approval by Governor Katie Hobbs.
The Arizona House approved Senate Bill 1025, known as the “Arizona Strategic Bitcoin Reserve Act,” on its third reading with a 31-25-4 vote. On the same day, S.B. 1373, establishing a “Digital Assets Strategic Reserve Fund,” passed with a 37-19-4 vote.
Both bills were previously passed by the Arizona Senate on February 27. With approval from both chambers and no amendments, they now await Governor Hobbs’ signature.
SB1025 focuses exclusively on Bitcoin as an investment asset, while SB1373 sets up infrastructure for managing various digital assets, outlining Arizona’s plans for state crypto holdings.
