Arizona Approves Bitcoin Reserve Bill: State Takes Lead in Crypto Adoption

Arizona has taken a major step towards incorporating cryptocurrency into its state finances, with the legislature approving a bill for a Bitcoin reserve. The legislation, championed by Senator Wendy Rogers and now awaiting Governor Katie Hobbs’ signature, would allow Arizona to invest up to 10% of its treasury in Bitcoin. This move marks the first U.S. state-level adoption of such a Bitcoin reserve program, potentially paving the way for other states to follow suit.