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Arizona Moving To Convert Up to 10% Of Its Treasury To Bitcoin: Legislature Clears Bills Paving Way For Strategic Crypto Reserve

  • On Monday, the Arizona legislature passed two bills that could allow the state to invest up to 10% of its funds in Bitcoin or other digital currencies.
  • The bills, sponsored mainly by Republicans, follow President Trump’s March executive order establishing a federal Strategic Bitcoin Reserve, reflecting a broader cryptocurrency trend.
  • The legislation passed largely on party lines with most Democrats opposing, and now awaits Democratic Governor Katie Hobbs’ decision to sign or veto the bills.
  • Senate Bill 1025, passed 31-25 with three Democrats voting yes, would create Arizona’s Bitcoin reserve investing up to 10% of public funds, potentially first in the nation if signed.
  • If approved, Arizona would lead U.S. States in establishing a cryptocurrency reserve, but Hobbs’ past vetoes and concerns about cryptocurrency volatility introduce uncertainty about the bills’ fate.
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Blockchain & Cryptocurrencies Tabloid broke the news in on Monday, April 28, 2025.
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