Arizona lawmakers have taken a decisive step forward in regulating crypto mining and establishing state-backed digital asset reserves. The Arizona Senate recently passed HB 2342, which would shield home Bitcoin miners from local zoning restrictions and provide legal protection to individuals operating blockchain nodes. This bill now awaits Governor Katie Hobbs’ signature before becoming law. Additionally, the state is pursuing two separate proposals – SB 1373 and SB 1025 – that would allocate a portion of state funds (up to 10%) into Bitcoin reserves. These initiatives represent a significant push for clarity and expansion in the US crypto landscape as Arizona joins other states in exploring Bitcoin reserve mechanisms.
This move comes at a time when over 26 states are actively considering similar legislation, signaling a growing national interest in incorporating digital assets into their financial frameworks. Arizona is leading this charge, establishing itself as a pioneer in the evolving US policy on cryptocurrencies.