Arizona Legislature Passes Bitcoin Reserve Bill, Waiting for Governor’s Action

Arizona’s legislature has approved a bill directing 10% of annual public funds to be invested in Bitcoin as an inflation hedge. The move, codified as SB 1025, passed the House with a 31-25 vote and now awaits Governor Katie Hobbs’ signature by May 15th, 2025. This would make Arizona the first US state to adopt Bitcoin as a reserve asset, potentially influencing national debates on cryptocurrency in public finance.