According to ChainCatcher, the Arizona House of Representatives passed two bills that may allow the state to establish reserves using Bitcoin or other cryptocurrencies.
During the third reading of Senate Bill 1025 (SB1025) on April 28, 31 legislators voted in favor, while 25 voted against. Another similar bill, SB1373, passed with 37 votes in favor and 19 against. These approvals bring these bills closer to being signed into law than similar initiatives in any other U.S. state.
Meanwhile, President Trump signed an executive order in March proposing the establishment of a "strategic Bitcoin reserve" and a "digital asset reserve".
