Arizona Lawmakers Pass Strategic Bitcoin Reserve Act, Awaits Governor’s Approval

Description

Arizona lawmakers passed a strategic Bitcoin Reserve bill with a vote of 31 to 25, the state legislature’s website noted. The legislation, called the Arizona Strategic Bitcoin Reserve Act ( S.B. 1025 ), allows the state treasurer and retirement system to invest as much as 10% of available funds in crypto. “This bill represents an emerging approach by a state government to integrate cryptocurrency into public financial management, reflecting the growing mainstream acceptance of digital assets,” t...