Arizona House Passes Two BTC Reserve Bills

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ODAILY
04-29
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Planet Daily News: The Arizona State House of Representatives recently passed two BTC reserve-related bills, SB 1025 and SB 1373, which have been submitted to Governor Katie Hobbs for signature. SB 1373 proposes establishing a digital asset strategic reserve fund managed by the state treasurer, with funding sources including seized assets and legislative appropriations. Up to 10% can be invested in digital assets such as BTC per fiscal year, and lending can be conducted without increasing risk. SB 1025 allows the state treasury and pension system to invest up to 10% of available funds in virtual currencies, with a focus on BTC.

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