Arizona Moves Closer to State Bitcoin Reserve with Senate Reconsideration

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Arizona’s Senate has reopened the debate on holding Bitcoin in the state treasury, voting 16-14 to reconsider HB 2324.

The bill, which establishes a “Bitcoin and Digital Assets Reserve Fund,” had previously failed in the House but now returns for another vote.

The motion was introduced by Republican Senator Jane Shamp, one of the original “no” voters. With Republicans controlling the House, the bill has a viable path forward—though Governor Hobbs’ approval is not guaranteed.

If enacted, Arizona would join a small group of states exploring official crypto reserves, signaling growing government interest in digital asset management.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.