Arizona has become the first state in the U.S. to formally approve a strategic Bitcoin reserve, as its House of Representatives voted in favor of SB 1025. This groundbreaking legislation mandates that the state allocate 10% of annual public funds into Bitcoin, aiming to safeguard financial reserves against inflation and broader economic risks. While Governor Katie Hobbs awaits her signature on the bill, political hurdles remain. Hobbs’ potential veto of outstanding bills if separate disability funding legislation is not passed could add further uncertainty to Arizona’s Bitcoin strategy. 31 representatives voted in favor and 25 voted against this momentous legislation.