Arizona Takes Major Step Towards Bitcoin Reserve, Becoming First State to Explore Crypto Asset Allocation

Arizona is on the verge of establishing a groundbreaking crypto reserve, potentially becoming the first state to implement such a program. The Arizona House of Representatives recently passed two key bills enabling public investment in Bitcoin and other digital assets, significantly advancing the state’s efforts towards a state-level crypto asset reserve. These bills pave the way for up to 10% of funds allocated to treasury and pension reserves to be invested in Bitcoin and other cryptocurrency options. The Governor, currently awaiting bipartisan agreement on healthcare funding, has not publicly confirmed her stance on these proposals.