Arizona Approves Bitcoin Reserves: First State to Test Waters of Crypto Finance

Arizona’s legislature has taken a bold step forward in the realm of crypto finance, paving the way for state-level investment in Bitcoin. Despite Governor Hobbs’ potential veto threat, Arizona is poised to become the first U.S. state to create a public Bitcoin reserve with up to 10% of its funds allocated to digital assets. This landmark decision reflects growing national support for Bitcoin as well as a desire to solidify a leading position in the cryptocurrency finance industry.