Arizona’s push for a state-level crypto reserve is taking shape, with the Strategic Digital Assets Reserve bill (SB 1373) inching closer to final approval. While this measure has passed the House Committee of the Whole, its future hangs in the balance due to potential opposition from Governor Katie Hobbs. Governor Hobbs has indicated her intention to veto all bills until a separate bill addressing disability funding is enacted. This history of vetoes adds uncertainty to the fate of SB 1373, which allows for investments in digital assets seized during criminal proceedings and permits the treasurer to invest up to 10% of funds in cryptocurrencies annually. Another bill, SB 1025, focuses exclusively on Bitcoin, and it has also passed the House Committee of the Whole. This measure proposes allocating up to 10% of state treasury funds for investment in Bitcoin. The momentum behind state-level Bitcoin reserves continues to grow across the United States, with other states pursuing similar strategies. Utah recently made progress but removed provisions for a dedicated Bitcoin reserve, while Texas and New Hampshire have seen their respective Bitcoin reserve bills progress through their legislatures.